Initial unemployment claims for the week ending Jan. 8 unexpectedly increased to 230,000, the most since the middle of November but still below pandemic averages, according to the latest report from the Bureau of Labor Statistics on Thursday (Jan. 13). It’s the second week in...
Inflation rose 7% over the last year, the highest level in 40 years, the Bureau of Labor Statistics said in its Consumer Price Index (CPI) report Wednesday (Jan. 12). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
J.P. Morgan CEO Jamie Dimon said the U.S. would have the “best growth” in decades in 2022, CNBC reported Monday (Jan. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Hiring missed economists’ payroll forecasts, with just 199,000 jobs added in December, lower than November’s meager gains of 210,000, according to the U.S. Bureau of Labor Statistics (BLS) report on Friday (Jan. 7). The unemployment rate dropped to 3.9% from November’s 4.2% Get the Full...
The International Monetary Fund (IMF) is postponing its World Economic Outlook by about a week until Jan. 25 to account for the more recent developments in the COVID-19 pandemic, Reuters reported on Wednesday (Jan. 5). Get the Full Story Complete the form to unlock this...
U.S. lawmakers are debating more COVID-19 stimulus funding for the business community in an effort to stem the tide of economic struggles tied to the rapid spread of the omicron variant of the virus, The Washington Post reported Wednesday (Jan. 5). Get the Full Story...
As 2021 drew to a close, vehicle valuation and automotive research company Kelly Blue Book (KBB) released the startling stat that the “average used car price tops $27,000 for the first time,” noting that this base price is “a jaw-dropping 41% higher than in November of 2019, the last month...
You’re unlikely to experience a robot attack at an eatery or retail store. Should you encounter a robot in such a setting, chances are it will take your order, bring your food or merchandise and do something cute, all while — and this is important...
As the COVID-19 pandemic continues its spread across the U.S. and around the world, people are becoming increasingly troubled about the state of the economy, with 40% telling PYMNTS they’re pessimistic about economic conditions, the highest level we’ve seen since we started this series. Get...
