Alarm is rising in the U.K. as a third national lockdown weakens businesses, threatening millions of people’s jobs. The result could be a jobless recovery, warned a top central bank official. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Some 861,000 people filed for initial jobless claims in the week that ended Feb. 13, expectedly up 13,000 from the previous week, which was revised upward 55,000 to 848,000, according to the latest data from the U.S. Department of Labor (DOL) on Thursday (Feb. 18). ...
The head of the Federal Reserve Bank of Boston indicated on Wednesday (Feb. 17) that he continues to anticipate that the economy with gain momentum in the second half of 2021, The Wall Street Journal reported. Get the Full Story Complete the form to unlock...
A $15 billion Small Business Administration (SBA) grant program for companies in the business of live events has still not launched, The Wall Street Journal reported on Tuesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Add the annual corporate budget to the list of pre-COVID-19 institutions upended by the pandemic, The Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The economy in the U.K. contracted 9.9 percent in 2020, the worst year on record since 1709, the Office for National Statistics (ONS) said in a report on Friday (Feb. 12). The overall economic drop in 2020 was more than double in 2009, when U.K....
The number of Americans who filed for new jobless claims for the week ending Feb. 6 dropped for the fourth consecutive week, continuing the downward trend of 2021, but still slightly higher than economists’ expectations. Get the Full Story Complete the form to unlock this...
The House Ways and Means Committee is going forward with a $400 weekly supplement to unemployment benefits, one of President Joe Biden’s key features for his proposed pandemic relief package, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy...
Chief executives from some of the nation’s top companies are heading to Washington, D.C. to talk about the $1.9 trillion stimulus plan with President Joe Biden and Treasury Secretary Janet Yellen, CNBC reported on Tuesday (Feb. 9). Get the Full Story Complete the form to unlock...
