The economy’s rebound showed signs of stagnating. Then enhanced unemployment benefits and a small-business loan program expired.
Jeanna Smialek and Jim Tankersley of the New York Times –
America’s economic recovery is in an uneasy pause, with key indicators of hiring, shopping and investment stalling or in retreat in the wake of a resurgence in coronavirus cases across broad sections of the country, and with Congress and President Trump showing no signs of progress on another stimulus deal.
Real-time measures of consumer spending, business sentiment, small-business reopening plans and even available jobs began flatlining last month, suggesting that the wave of virus infections that swept across parts of the United States in June and July came with economic consequences.
