Initial jobless claims tumbled to 473,000, beating expectations and marking a new record low from the pandemic’s historic highs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
While U.S. President Joe Biden has continued advocating for the necessity of boosted jobless benefits, employers say they are having trouble getting workers to fill available jobs, the Financial Times reported on Tuesday (May 11). Get the Full Story Complete the form to unlock this article and...
California Gov. Gavin Newsom has proposed a $100 billion stimulus plan to triple the state’s direct cash assistance program and reach around two-thirds of the state’s residents, Wall Street Journal (WSJ) reported Monday (May 10). Get the Full Story Complete the form to unlock this...
The U.S. Chamber of Commerce is calling on Capitol Hill to pull the plug on enhanced unemployment benefits enacted during the COVID-19 pandemic, the Associated Press (AP) reported on Friday (May 7). Get the Full Story Complete the form to unlock this article and enjoy...
There is no joy in economic Mudville today, as the latest jobs report has come in and more or less struck out. The U.S. economy added only 266,000 jobs in April 2021 — the one-year anniversary of the worst job loss for any month on...
Signals that the U.S. economy had turned a corner and was now red hot and surging back from the COVID-19 crisis had sprung up everywhere. But the latest U.S. jobs report was a disappointment, given that it was much lower than analysts’ expectations. Get the...
The ultimate scope and length of the pandemic are still among the “most significant risks to the financial system,” according to a Financial Stability Report from the Federal Reserve, which said that positive vaccine-related news, better-than-forecasted economic data, further fiscal support and accommodative monetary policy...
New jobless claims for the week ending May 1 came in at 498,000, the lowest level since the pandemic took hold in March 2020, according to the weekly report from the Bureau of Labor Statistics (BLS) on Thursday (May 6). The previous week’s level was revised up...
U.S. retail sales had another month of double-digit growth in April, according to a press release from Mastercard emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
