A stodgy U.S. recovery showed little sign of accelerating over the last week with hints emerging that the quick job gains of May and June may be fading, according to high frequency data and analysis from companies, forecasters and government analysts. With some states reimposing restrictions on commerce, particularly tighter rules around bar and restaurant openings, an additional 1.4 million people filed for unemployment insurance – the first time since March and the imposition of a national state of emergency that new claims have risen from the prior week. Expectations of millions of additional jobs being added in July are “too optimistic and we may flatline after two months of sharp improvement,” said Karim Basta, chief economist at III Capital Management. That would leave the U.S. still about 14 million jobs shy of where it was in February. About 32 million are collecting weekly unemployment benefits that […]