Economy

Economy
BLS Report Shows Static Retail Jobs Picture
March 06, 2020

Sometimes no news is good news. That’s the case with the new employment report from the Bureau of Labor Statistics, which showed that retail jobs held steady between January and February. The news was welcome after a disastrous report from December to January, a drop...

Economy
White House Mulling Coronavirus Tax Deferments
March 06, 2020

The Trump Administration is reportedly considering tax deferments for industries hit hard by the coronavirus, like the airline, travel and cruise industries, according to a report by The Washington Post. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
US Created 273K Jobs in Feb. Despite Coronavirus Fears
March 06, 2020

The U.S. economy created a hefty 273,000 nonfarm jobs in February and the unemployment rate fell to 3.5 percent from January’s 3.6 percent, as the market for workers remained firm despite early stages of the coronavirus scare. Restaurants and bars saw a particularly strong 53,000...

Economy
Healthcare Costs Concerning For Voters (And Their Wallets)
March 05, 2020

Perhaps it may be the coronavirus – understandably so – that is spurring Americans to think of healthcare costs. 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...

Economy
Gauging Coronavirus Ripple Effects (And Limitations) On Interest Rates — And Borrowing
March 04, 2020

This week has seen the twin impacts of panic and policy. 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...

Economy
Coronavirus: AliExpress Warns Of Potential Delays; Marketplaces Tackle Overpriced Listings
March 03, 2020

The coronavirus could have wide-reaching effects on eCommerce, investments and the economy as a whole. Here are the latest updates on its impacts around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Coronavirus: Costco Sees Lines Over The Weekend, Goldman Sachs Tells Staff To Delay Inessential Int’l...
March 02, 2020

The coronavirus has wide-reaching effects on warehouse clubs, business travel, tourism and the economy as a whole. Here are the latest updates on its impacts around the world. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
US Consumers Remain Resilient Despite Q4 GDP Revisions
February 27, 2020

One of the most enduring stories of the record economic expansion that has marked the past decade has been the resilience of the U.S. consumer. And where the consumer goes, powering roughly two-thirds of the GDP, so goes the economy. Get the Full Story Complete the...

Economy
PayPal Warns Of Q1 Revenue Hit From Coronavirus
February 27, 2020

PayPal said that after thoroughly analyzing the evolving Coronavirus effect, it is anticipating about a 1 percent drop in its first-quarter 2020 revenue, closer to the lower end of the forecasted range of $4.78 to $4.84 billion. Get the Full Story Complete the form to...