Air travel is picking up, although it remains far below its peak.
Some trips include hotels, as occupancy rates are improving.
People are dining out, cautiously.
Big-ticket purchases like houses are picking up.
But there’s reason for caution. A “second wave” of infections could spook consumers. Look at Georgia, one of the first states to reopen: Jobless claims there remain high, suggesting “the economy might not fully recover until consumers feel safe,” Politico notes. |
• National data scheduled for release on Thursday is expected to show that two million Americans filed for unemployment last week — down from previous weeks, but historically awful. |
- - written by Andrew Ross Sorkin in Connecticut and Michael J. de la Merced and Jason Karaian in London.
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