In some positive news, the US Department of Labor reported that weekly jobless claim numbers fell below 1 million for the week of August 2-8, to 963,000. This marks a decrease of 228,000 from the previous week's revised level. Prior to the pandemic, the record had been 695,000 in 1982. Here is a comparison of the numbers from Bloomberg:
The claim numbers, while promising, seem to be flattening instead of falling at the steady clip they were from May into early June.