Initial jobless claims for the week ending Nov. 28 dipped to 712,000, down 75,000 from the previous week’s revised level even as states renewed lockdown measures amid a second wave of the coronavirus pandemic. New claims the previous week were revised up by 9,000 to...
On Wednesday (Dec. 2), House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer backed a bipartisan plan for $908 billion for a coronavirus stimulus, CNBC reported, and they encouraged Senate Majority Leader Mitch McConnell to get behind it, too. Get the Full Story Complete...
Jobs in the private sector across all industries went up by a lower-than-expected 307,000 last month, missing forecasts of 410,000 by economists and below October’s 404,000, according to the monthly ADP National Employment Report released Wednesday (Dec. 2). Get the Full Story Complete the form to...
A long-running battle over the stalled sequel to the spring’s $2 trillion coronavirus relief package is heating up again in Washington, according to a report from Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
China is forecast to be the first major economy to recover from the global pandemic recession, with Europe lagging behind, according to the Organization for Economic Cooperation and Development (OECD). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Several programs aimed at extending emergency funding to businesses and governments are ending — but we’re not out of the woods yet, according to Capitol Hill testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steve Mnuchin. Get the Full Story Complete the form...
Unemployment figures released by the U.S. Department of Labor (DOL) have been inaccurate and payments have been too low for some recipients, according to a Government Accountability Office (GAO) report on Monday (Nov. 30), according to a Wall Street Journal report. Get the Full Story...
Some U.S. chefs and industry advocates fear new rules to stem the spread of COVID-19 could be the final straw, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
President-elect Joe Biden is weighing naming two of the highest-ranking Black leaders in finance to top roles in his administration — TIAA CEO Roger Ferguson to direct the National Economic Council and former American Express CEO Kenneth Chenault to a senior economic post, CNBC reported,...
