Economy

Economy
US Jobless Claims Fall Below 1M For The First Time Since March
August 13, 2020

The number of Americans who filed for jobless benefits fell below one million for the first time since late March, the U.S. Department of Labor (DOL) reported on Thursday (Aug. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Fed Officials: Economy Unlikely To Recover Before Vaccine Is Available
August 12, 2020

Federal Reserve officials said they don’t think the economy is coming back in full until the pandemic is contained, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Extension Of Unemployment Benefits Could Run Out In Weeks, Report Finds
August 12, 2020

An additional $400 a week in jobless benefits extended by President Donald Trump through an executive order may run out much sooner than anticipated, a new report finds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Alphabet’s Verily Opens Coronavirus Test Lab
August 11, 2020

Verily, an Alphabet company and Google sibling, has established a Clinical Laboratory Improvement Amendments (CLIA)-certified lab at its south San Francisco headquarters, intended to speed up COVID-19 testing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Companies See COVID-19 Furloughs Becoming Permanent
August 11, 2020

Some big companies that trimmed payrolls in recent months as what were billed at the time as emergency responses to COVID-19 are making the job cuts permanent, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
US Spent $250B On Weekly Jobless Aid
August 10, 2020

The extra unemployment aid, totaling $600 a week for everyone who successfully filed for benefits, cost the federal government a total of $250 billion, The Wall Street Journal (WSJ) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
NY Fed: Tough July Gives Consumers Sour Outlook On Jobs, Finances
August 10, 2020

Consumers in the United States began to feel a bit more pessimistic in July about their prospects, in the latest sign that the recovery from the coronavirus downturn may be losing steam. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
White House Ready To Increase Amount Of New Stimulus
August 10, 2020

U.S. Treasury Secretary Steven Mnuchin said the White House will resume COVID-19 stimulus negotiations with Democrats and is willing to provide more dollars to reach a compromise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Pelosi, Mnuchin Call For Reopening Stimulus Talks
August 09, 2020

Weeks of failed negotiations on pandemic-related aid has led to House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin, representing two sides of the debate on how further stimulus packages should proceed, agreeing to attempt a compromise. Get the Full Story Complete the form to...