The new fissures in the economy suggest the easy growth in May and June after the states allowed businesses to reopen is giving way to a more protracted recovery whose progress is likely to be more uneven.
“The layoffs add to concerns the market has about the sustainability of the pace of the recovery,” said senior economist Sam Bullard of Wells Fargo.
Economic growth slowed in July and is likely to do so again in August. The economy is still recovering, to be sure, just not as fast as it was.