Signs of a slow but steady economic recovery from the pandemic are visible with continued increases in employment across all industries, according to the July ADP National Employment Report released Wednesday (Aug. 4). Get the Full Story Complete the form to unlock this article and...
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the rise of the more contagious Delta variant of COVID-19 might hinder the U.S.’s economic recovery as people might stop looking for work because of it, Bloomberg reported. Get the Full Story Complete the...
The U.S. Security and Exchange Commission (SEC) is implementing new rules that require Chinese firms seeking New York listings to provide supplementary risk disclosure documents. At the same time, Chinese technology stocks are experiencing their worst month since the worldwide financial crisis. Get the Full...
The Employment Cost Index (ECI) rose 0.7 percent last quarter, following a 0.9 percent increase in the first three months of 2021, per a Friday (July 30) Reuters report. The figure that’s seen as measuring labor costs has gone up almost 3 percent in the...
It was not supposed to happen like this. Seven months after a handful of new COVID vaccines were given the governmental go-ahead, the U.S. and the world were expecting to be on the cusp of closing this ugly chapter once and for all by now....
A spending rebound, yes — but the question is whether it will be sustainable, or whether the Delta variant will stop consumer sentiment, and the urge to keep buying now, in its tracks. Get the Full Story Complete the form to unlock this article and...
The spreading Delta variant is casting a dark shadow over the U.S. economic outlook despite June’s 1 percent increase in household spending, The Wall Street Journal reported on Friday (July 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Applications for initial jobless claims dropped 24,000 to 400,000 for the week that ended July 24, according to the Thursday (July 29) weekly report from the Bureau of Labor Statistics (BLS). The previous week’s level was revised up to 424,000 from the original 419,000. Get...
The Consumer Confidence Index, sitting at 129.1 in July, is mostly unchanged from its previous several months, according to a report from The Conference Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
