Roughly half of those surveyed say they are worse off financially than a year ago, and most disapprove of President Biden’s handling of inflation.

Revised first-quarter figures show spending rose only 0.5 percent, a slowdown from the 0.6 percent growth recorded in the final quarter of 2021.

As the Federal Reserve tries to rein in inflation without causing a recession, slower job creation and wage growth could be a plus.

An index closely followed by economists and investors climbed 6.3 percent last month from a year ago.

After leaving the labor force in unusual numbers early in the pandemic, Americans approaching retirement age are back on the job at previous levels.

The figure is expected to look weak because inventories needed less rebuilding, and consumer spending widened the trade deficit.

There is little sign that a recession is imminent. But sky-high demand and supply shortages are testing the economy’s limits.

A 2.8 percent rise in spending on services helped offset declines in other areas of the economy.

The G.D.P. figure was the latest gauge of a recovery that could be challenged by the Delta variant of the coronavirus. On an annualized basis,...

An economic group concluded that the downturn was limited to March and April 2020, though the pandemic’s impact continues to play out.