In another sign that the nation’s economy is suffering amid the COVID-19 pandemic, the number of new jobless claims reached record levels last week, double the pace set a week ago, the U.S. Department of Labor reported on Thursday (April 2). Get the Full Story...
It is easy – and becoming easier by the day – to look at the business world and see trends indicating where the money isn’t flowing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. jobless rate seems poised to shoot way up – especially among low-wage workers. Get the Full Story...
The latest jobs data show bad news … more than likely to get much, much worse. 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...
As the coronavirus spreads throughout the United States, Treasury Secretary Steve Mnuchin told “Face the Nation” Sunday (March 29) that Americans should be receiving $1,200 stimulus money within the next three weeks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Consumer sentiment in the U.S. is down to a three-and-a-half-year low due to the effects of the coronavirus and social distancing measures, and consumer spending is down as well, according to a report by Reuters. Get the Full Story Complete the form to unlock this...
Oh what a difference six months can make. A half a year ago the unemployment rate was making the headlines for the “right” reasons. In September the unemployment rate in the U.S. hit a 50-year record low of 3.5 percent. This was widely reported as...
The former chairman of the Federal Reserve, Ben Bernanke, said he thinks the coronavirus-influenced recession will be a short one, and recovery will happen quickly, according to a report by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Canadian Federation of Independent Business (CFIB)’s latest Business Barometer indicated that small business confidence dropped to a new historic low with the impacts of the coronavirus pandemic. The national confidence level dropped an additional 19 index points from last month’s following a 10-point decline...
