Goldman Sachs economists have revised their forecast for 2020’s economy downwards, but still think things could be back on track by around September, Bloomberg reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Laid-off workers collecting federal unemployment benefits got some disappointing news from the nation’s U.S. Labor Secretary Sunday (July 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Almost 3,600 businesses filed for Chapter 11 bankruptcy in the first half of 2020, marking a rise of 26 percent, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
For the Congressional Budget Office (CBO), the glass is half full. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
Downtowns everywhere from Maine to California are dealing with varying degrees of economic and existential pain as a result of the pandemic, but nowhere is the pain as acute as in college towns. Cities like Ann Arbor, Michigan; Ithaca, New York and Davis, California have...
The U.S. economy added a record 4.8 million nonfarm jobs in June and the unemployment rate fell to a lower-than-expected 11.1 percent, the U.S. Labor Department reported Thursday (July 2). Meanwhile, the number of Americans who filed jobless claims dropped in the latest week, but still...
Many Americans have seen their household incomes become one of COVID-19’s many casualties, as the U.S. unemployment rate has skyrocketed and millions of workers who still have jobs face cuts to their hours or pay rates. Get the Full Story Complete the form to unlock...
The tourism sector in the United States will take the biggest hit of any country in the world from COVID-19, with China a distant second, a new United Nations study finds. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
It’s not exactly “Happy Days Are Here Again,” but private sector employment increased by nearly 2.4 million jobs from May to June, according to the June ADP National Employment Report released Wednesday (July 1). Get the Full Story Complete the form to unlock this article and...
