Economy

Economy
Report: Cutting Unemployment Benefits Generated Minimal Job Gains
September 01, 2021

Depending on the state where U.S. residents live, they had a 50/50 chance of having their enhanced federal unemployment benefits terminated early. Yet, regardless of the outcome – either the benefits ending early or continuing until the Sept. 6 deadline – job growth throughout the...

Economy
CDC Chief: Stay Home for Holiday Weekend if Unvaccinated
August 31, 2021

The Centers for Disease Control and Prevention (CDC) has recommended against unvaccinated Americans traveling during the upcoming Labor Day weekend, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
August US Consumer Confidence Lowest in 6 Months
August 31, 2021

Confidence among U.S. consumers dropped in August to its lowest level since February as the COVID-19 delta variant continued its spread and higher inflation rates loomed as a possibility. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Federal Pandemic Jobless Benefits Ending Despite Rising COVID-19 Cases
August 31, 2021

Millions of unemployed workers will be kicked off federal pandemic unemployment assistance (PUA) on Saturday (Sept. 4), even though the return to work is backsliding amid the escalating number of COVID-19 cases due to the delta variant, CNBC and other news outlets reported on Tuesday...

Economy
Hurricane Season Puts Focus on Mitigating Financial Disruption of Natural Disasters
August 30, 2021

Greek philosopher Epicurus gets the nod for writing, “Skillful pilots gain their reputation from storms and tempest.” As wildfires, tropical storms, floods and hurricanes compound the COVID-crisis, there’s no shortage of tempests disrupting finances and financial markets in recent times. Get the Full Story Complete...

Economy
Delta Variant Could Close Indoor Seating at US McDonald’s Restaurants
August 30, 2021

McDonald’s is among the U.S. fast-food restaurants that are closing indoor seating areas or limiting their hours as the COVID-19 delta variant continues its surge, according to a Reuters report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
EU Eyes Stopping Nonessential Travel From US
August 29, 2021

The European Union is likely to decide Monday (August 30) whether to recommend that member states block nonessential visits from the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Consumers Spend More On Services Than Goods In Sluggish July
August 27, 2021

Consumer spending — the driving force in the U.S. economy — was up in July, but at 0.3 percent, just a fraction of last month’s increase of 1.1 percent, the Bureau of Economic Analysis (BEA) said in its monthly report on Friday (Aug. 27). Get...

Economy
Carrot vs. Stick: Employers Look For Sweet Spot Between Vaccine Mandates And Incentives
August 27, 2021

As employers consider whether to encourage staff to get vaccinated against COVID-19, several companies are providing examples of how it can be done. Employers are using several different types of incentives to encourage employees to get vaccinated. Some are using a carrot, others a stick....