The pace of economic growth has moderated significantly since early in the recovery.
Household net worth surged in the second quarter to surpass the pre-pandemic peak after a virus-driven slump.
With many more stores and restaurants now open, the initial boost in spending driven by reopenings is moderating.
Even with the drop, college costs have surged in the last two decades, far outpacing inflation.
Companies seem to be hiring at a more moderate pace than immediately following the lifting of business lockdowns.
Thus far only Arizona and Texas are paying out the president's expanded unemployment benefits.
Data suggest the pandemic slump will be more drawn-out than originally thought.
The results suggest the labor market is improving.
The pandemic-ravaged economy in the second quarter suffered its sharpest downturn since at least the 1940s.
The June jobs data is expected to show improvement, but the trends may be too muddy to see.
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