End of third-quarter shows bright spots, holes in U.S. economic recovery

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The U.S. economic recovery continued to advance at a slow pace over the past week, with signs that businesses were still rehiring workers but also that a gusher of government assistance earlier in the year may have run its course.

showed companies continued adding jobs, with postings on Indeed now 17% below 2019, the smallest gap since late March.

So far, the U.S. rebound from the coronavirus-triggered recession has kept steadily on track. The third quarter, covering the July-September period, is expected to show the largest ever annualized jump in U.S. gross domestic product, somewhat offsetting the epic collapse from March through June. But cracks may be showing. The U.S. employment report for September, which is due to be released on Friday, is expected to show a slowing pace of job growth, with the economy still 11 million jobs short of the February level.

 

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I don't believe it

Bright spots for the wealthy — pits of despair for everyone else.

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