Economy

Economy
Jobless Claims Way Above Pre-Pandemic Levels As Labor Shortage Continues
August 05, 2021

New jobless claims for the week that ended July 31 dropped by 14,000 to 385,000, slightly higher than economists’ forecasts of 383,000 and still way above pre-pandemic levels of 218,000. Overall, the numbers are significantly down from the historic high of 6.2 million last April....

Economy
ADP: Private Sector Jobs Grew By 330K In July
August 04, 2021

Signs of a slow but steady economic recovery from the pandemic are visible with continued increases in employment across all industries, according to the July ADP National Employment Report released Wednesday (Aug. 4). Get the Full Story Complete the form to unlock this article and...

Economy
US Hits Biden’s 70 Pct COVID Vax Goal
August 02, 2021

It’s a month later than President Joe Biden had hoped, but 70 percent of U.S. adults have had at least one COVID-19 vaccine shot, according to Centers for Disease Control and Prevention data released Monday, August 2. Get the Full Story Complete the form to...

Economy
Delta Variant Has Workers More Hesitant To Return To Offices
August 02, 2021

The COVID-19 Delta variant has thrown a wrench into plans for workers to return to offices this fall, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Equinox Group Requiring Vax Proof For Employees, Members, Riders
August 02, 2021

Equinox Group is joining the growing list of companies and organizations that will require employees and customers to show proof they’ve been fully vaccinated from the coronavirus before they enter an Equinox club, SoulCycle studio or corporate office, starting in September in New York City,...

Economy
Cuomo Wants New York Businesses To Require COVID Vaccine
August 02, 2021

New York Gov. Andrew Cuomo has asked bar and restaurant owners and other private business leaders to require all patrons to show proof of COVID-19 vaccination before they’re allowed to enter after seeing a “fourfold” increase in daily positive cases to more than 2,000 in...

Economy
Fed: Delta Variant Might Jeopardize Economy As Americans Avoid Job Hunting
August 01, 2021

Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said the rise of the more contagious Delta variant of COVID-19 might hinder the U.S.’s economic recovery as people might stop looking for work because of it, Bloomberg reported. Get the Full Story Complete the...

Economy
Chinese US IPOs Face SEC Rules As Stocks Plummet
July 30, 2021

The U.S. Security and Exchange Commission (SEC) is implementing new rules that require Chinese firms seeking New York listings to provide supplementary risk disclosure documents. At the same time, Chinese technology stocks are experiencing their worst month since the worldwide financial crisis. Get the Full...

Economy
Broadway Theaters Will Require Vaccines For Audience, Performers And Staff
July 30, 2021

Owners and operators of all 41 Broadway theaters will require vaccinations for audience members, performers, backstage crew and staff for all performances through October 2021, The Broadway League announced on Friday (July 30). Get the Full Story Complete the form to unlock this article and...