Economics
Five Real-Time Charts Show Signs U.S. Economic Recovery Is Faltering
- A surge in virus cases in Texas and other states is to blame
- Percentage of Americans in the workforce is leveling off
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The U.S. recovery from the coronavirus-induced recession is leveling off and showing signs of faltering only two months into the rebound, a series of real-time economic indicators show.
While the official economic data have been surprising to the upside – including a gain of 4.8 million jobs in June – newer trends suggest those improvements are flattening or even turning down.