Economy

Economy
Data: About Half Of Restaurants Operating With 20 Pct Less Staff
June 06, 2021

Many restaurant operators turned to apps or app-based delivery services to keep their kitchens busy during the pandemic. With eateries reopening, CNBC reported, restaurant operators have turned to apps to address what, in some places, has been the desperate pursuit of staff. Get the Full...

Economy
Nonfarm Jobs Surge By 559,000 In May; Unemployment Falls To 5.8 Pct
June 04, 2021

Total nonfarm payroll employment rose by 559,000 jobs in May, and the unemployment rate fell from 6.1 percent to 5.8 percent, according to a report from the Bureau of Labor Statistics (BLS) on Friday (June 4). The May increase beat April’s disappointing numbers, which saw an adjusted 278,000...

Economy
US Private Sector Gained 978,000 Jobs In May, ADP Says
June 03, 2021

Employment in the private sector expanded by 978,000 in May, far surpassing April’s 654,000 with the biggest gain since June 2020, according to the ADP National Employment Report on Thursday (June 3). Overall, services were responsible for adding 850,000 jobs and goods-producing sectors gained 128,000...

Economy
New Weekly Jobless Claims Continue Falling
June 03, 2021

New weekly jobless claims dropped again for the fifth consecutive week to a 14-month low of 385,000, a decrease of 20,000 for the week ending May 29, according to the weekly report from the U.S. Bureau of Labor Statistics (BLS) on Thursday (June 3). Get the...

Economy
Fed: Vaccines, Relaxed Social Distancing Boost Economy, But Companies Still Have Trouble Hiring
June 02, 2021

The Federal Reserve said Wednesday (June 2) that the U.S. economy grew at a moderate clip between early April and late May, according to the central bank’s Beige Book, which covers economic conditions throughout its 12 districts. Get the Full Story Complete the form to...

Economy
Pandenomics Report Q2 2021: Optimism Is A Desirable Vaccine Side Effect
June 02, 2021

There’s a buoyant feeling on Main Street USA again — whether it’s in small towns or big cities — and optimism is an ideal counter to the doldrums small and medium-sized businesses (SMBs) have endured over the past year and a half. Get the Full Story Complete...

Economy
New U.S. Chamber Initiative Tackles Labor Shortage
June 01, 2021

The U.S. Chamber of Commerce is launching America Works, an initiative dedicated to addressing the nationwide labor shortage that is now reaching crisis-level proportions as the world reopens post-pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
US Travel 13 Pct Lower Than Pre-COVID 2019 Numbers
May 31, 2021

Travel in the U.S. showed signs of returning to normal levels this Memorial Day weekend, even though celebrations were muted by the pandemic. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
NEW DATA: Nearly Half Of Main Street SMBs Will Boost Business Investments As Vaccines Roll...
May 31, 2021

Small to mid-sized businesses (SMBs) on Main Street in the United States have had a challenging year, with the pandemic forcing them to dramatically shift how they provide services and sell products. As vaccines have rolled out and 40 percent of the U.S. population is...