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- cross-posted to:
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A vast swath of the US economy is showing signs of weakness as unemployment rises to its highest point in more than two years.
Consumer demand seems to have tapered off so far this summer, according to surveys of American businesses that sell any kind of service to make a profit, ranging from restaurants to dental clinics. That weakness is also evident in the latest spending figures — a far cry from last year’s lucrative summertime spending spree when Americans shelled out for films and high-profile concerts.
Essential workers btw