Private-sector employment went up by 428,000 jobs last month, said the ADP National Employment Report. That’s an improvement over the previous month’s 167,000 jobs, but still well below expectations. A survey of economists by Dow Jones had predicted a 1.17 million increase. Get the Full...
A Federal Reserve governor said Tuesday (Sept. 1) that the central bank has to launch initiatives “in coming months” to assist the economy in surmounting the pandemic’s effects, while meeting the pledge of more formidable employment expansion and greater inflation, Reuters reported. Get the Full...
U.S. employment is projected to increase by 6 million jobs over the decade from 2019 through 2029. 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...
German tech incubator Rocket Internet, which had vowed to take on Silicon Valley, is now moving ahead with plans to go private after watching the value of shares steadily dwindle, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy...
United Airlines CEO Scott Kirby believes air travel will come back once a vaccine exists for the coronavirus. 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...
Americans made 0.4 percent more money in July than in June, took home 0.2 percent more after taxes and spent 1.9 percent more, according to a preliminary report issued on Friday (Aug. 28) by the federal Bureau of Economic Analysis. Get the Full Story Complete...
Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. said Thursday (Aug. 27), according to CNBC. Get the Full Story Complete...
Restaurant dining is not yet in positive territory, but the declines at major U.S. chains are shrinking, according to a press release from NPD Group, a New York-based market research company. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The number of Americans who filed for jobless claims exceeded 1 million last week, but it was down slightly compared to the previous week, the U.S. Department of Labor (DOL) reported on Thursday (Aug. 27). Get the Full Story Complete the form to unlock this...
