New jobless claims for the week ending Sept. 4 dropped 35,000 to 310,000, the lowest level since March 14, 2020’s pre-pandemic rate of 256,000, the Bureau of Labor and Statistics reported on Thursday (Sept. 9). The week prior was revised up by 5,000 to 345,000....
The PYMNTS series of special reports dubbed “Pandenomics” — a portmanteau of “pandemic” and “economics” for the uninitiated — continues tracking these forces as one influences the other. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The surge in the delta variant of COVID-19 has the U.S. seeing new hurdles thwarting its economic recovery, according to a report from The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Sweden has banned all U.S. travelers, regardless of vaccination status, from traveling to the country, a report from AFAR stated on Tuesday (Sept. 7). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Economists at Goldman Sachs slashed U.S. GDP forecasts for the second time in a month following a weak jobs report on Friday (Sept. 3) and the increasing spread of the delta variant, Forexlive, Bloomberg and other news outlets reported. Get the Full Story Complete the form to...
There was a time not long ago when a shopping trip could take up a consumer’s entire day. They would have scheduled a block of time on their calendar, preferably on the weekend, when they could go to one or several stores and get their...
President Joe Biden on Friday (Sept. 3) pinned the lackluster August jobs report — which showed 235,000 new nonfarm jobs added in the month, according to the U.S. Labor Department — on the continued spread of the delta variant and Americans who aren’t yet vaccinated....
Hiring stalled more than expected in August, with the addition of new 235,000 jobs after totaling 962,000 in June and 1.05 million in July, according to the U.S. Bureau of Labor Statistics (BLS) weekly report on Friday (Sept. 3). The unemployment rate dropped 0.2% to...
Special purpose acquisition companies (SPACs) have seen a rout wipe out much of their value after looking promising earlier in the year, The Wall Street Journal (WSJ) reported Thursday (Sept. 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
