U.S. recovery grinds along as coronavirus case growth eases

High-frequency data estimating retail stores visits and employment across industries as well as broader indexes of the recovery, after largely plateauing during a summertime surge in coronavirus cases, mostly moved higher through early and mid-August.Defying worries, at least so far, that the expiration of extra unemployment insurance benefits in July would lead to an immediate collapse of spending, August opened "on the right foot," Oxford Economics chief U.S. economist Gregory Daco wrote after