Donald Trump’s re-election campaign.But the gains may be overshadowed by the tens of millions of Americans still out of work because of coronavirus-related shutdowns and growing concerns that there is no new government relief package in sight.Job openings, a measure of labor demand, in July soared to 6.6 million, nearly back to their pre-crisis level, a Labor Department report showed this week.
Trump tries to blow past admissions he played down coronavirus at Michigan rally Inflation firmed last month, vanquishing fears of growth-stunting deflation.
Higher frequency data tracking people’s visits to stores and restaurants also pointed to an economic upswing.However, the economy is nowhere near to rounding the corner to recovery.