Initial jobless claims for the week ending June 26 dropped 51,000 to 364,000 from the previous week’s level, which was revised up to 415,000, according to the Thursday (July 1) report from the U.S. Department of Labor. The numbers mark the lowest level for new...
The U.S. economy has added some three million jobs in the private sector since the start of 2021, including 692,000 new positions this month, according to the June ADP National Employment Report released on Wednesday (June 30). Get the Full Story Complete the form to...
The Conference Board Consumer Confidence Index went up in June, reaching its highest level since the COVID-19 pandemic took hold in March 2020, marking the fifth month in a row that the index increased. Consumer confidence offers a window into people’s perception of economic conditions...
The University of Michigan’s Consumer Sentiment Index in June increased to 85.5 from May’s final reading of 82.9, the second-highest level since the COVID-19 pandemic took hold in the U.S. in March 2020, Bloomberg and other news outlets reported on Friday (June 25). The index...
Personal income dropped by 2 percent in May to $414.3 billion, beating forecasts that expected it to decline more, according to estimates released Friday (June 25) by the Bureau of Economic Analysis (BEA). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Many United States consumers are now out and about, free to shop at any number of reopened businesses and dine at various restaurants. If you were to stop any of these consumers and ask where they made their last purchases, however, the odds are strong...
The Gross Domestic Product (GDP) in the U.S. is up 6.4 percent for the first quarter of 2021, according to the third estimate released by the Bureau of Economic Analysis (BEA). Fourth-quarter GDP was up 4.3 percent. Get the Full Story Complete the form to...
After an unexpected rise in new jobless claims last week, numbers are trending downward again for the week ending June 19, according to the Thursday (June 24) report from the Bureau of Labor Statistics. Get the Full Story Complete the form to unlock this article and enjoy...
The poorest half of United States households saw a boost in wealth amid the pandemic, Bloomberg reported. 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...
