Economy

Economy
Consumer Confidence Drops Again In August
August 25, 2020

The Conference Board’s Consumer Confidence Index declined for the second month in a row, dropping from 91.7 in July to a current reading at 84.8, according to a Tuesday (Aug. 25) press release. Get the Full Story Complete the form to unlock this article and...

Economy
Small Landlords Face Cash Crunch As A Third Of US Renters Don’t Pay
August 24, 2020

Almost a third of renters in single-family or small multifamily properties couldn’t make their August rent, according to CNBC, citing a survey by Avail, a tech and marketing platform for small landlords. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Economists Predict Slow Recovery, Chance Of Double-Dip Recession
August 24, 2020

The new report from the National Association of Business Economists (NABE) finds respondents to the August 2020 NABE Economic Policy Survey think the U.S. economy has been in a recession since February and will likely continue to be so for the next few years. Get...

Economy
23 States To Add $300 To Weekly Jobless Benefit Checks
August 23, 2020

Nearly half of the nation’s states have been given the green light to issue $300 in federal weekly jobless benefits to help replace lost wages for Americans who are unemployed due to COVID-19, according to a list from the Federal Emergency Management Agency (FEMA). Get...

Economy
Weak Jobless Claims Report Shows US Recovery Remains Uneven
August 20, 2020

Staggered reopenings. Tourism booms that might prove temporary. Each U.S. business vertical hard-hit by the pandemic has been impacted in different ways. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
The Main Street Rescue That Wasn’t (And Still Isn’t)
August 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Get the Full Story Complete the form to unlock this article...

Economy
US Jobless Claims Back Above 1M
August 20, 2020

Despite predictions that the number of Americans seeking jobless benefits would drop for the second consecutive week, more than 1 million laid-off employees requested benefits last week, the U.S. Department of Labor (DOL) reported on Thursday (Aug. 20). Get the Full Story Complete the form to unlock this...

Economy
Kudlow Promises New Jobless Aid, Says Economy Is On ‘Self-Sustaining Recovery’
August 19, 2020

White House economic advisor Larry Kudlow said the economy is rebounding “very, very strongly” and would continue to do so, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Revised Data Shows US Jobs Down 173,000 Through March
August 19, 2020

Job growth in the United States was apparently weaker in the year through March, with the number of new workers added to payrolls revised down by 173,000, Bloomberg reported. That number comes out to around 14,400 per month. Get the Full Story Complete the form...