The nation’s small businesses are facing an ignominious anniversary: nearly a year has passed since the first round of pandemic-related closures kicked off last year in California on March 19. What started in California quickly echoed out through all 50 states as state and local...
A consortium of 19 consumer and financial industry organizations, including The Clearing House (TCH), has asked Congress to protect the next round of stimulus payments from garnishment. The payments, which may be sent out as soon as the end of this month, can total as much...
While the rollout of COVID-19 vaccinations means a global economic recovery is in sight, the pace of inoculating populations must increase if the economy is to rebound, the Organization for Economic Cooperation and Development (OECD) said in a Tuesday (March 9) press release. Get the...
The country is tracking for a decline in the 6.2 percent unemployment rate to 4.1 percent by the end of 2021, Bloomberg reported on Monday (March 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
With the world economy slated to grow around 6 percent this year according to Oxford Economics, the U.S. could play a central role, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Senate has passed the $1.9 trillion coronavirus aid bill touted by President Joe Biden, and it will now go back to the House, where it’s expected to be approved in the coming days, CNBC reported. Get the Full Story Complete the form to unlock...
Senate Democrats agreed to reel in jobless benefits and back off from a minimum wage hike in the $1.9 trillion COVID-19 pandemic relief package, The Wall Street Journal reported on Friday (March 5). Get the Full Story Complete the form to unlock this article and...
With a bit of wind at its back — in the form of December’s $900 billion U.S. stimulus package — the economy took a step toward a pandemic recovery in February. The U.S. Bureau of Labor Statistics reported on Friday (March 5) that total nonfarm...
New jobless claims for the week ending Feb. 27 came in at 745,000, up from last week’s revised level of 736,000, according to the Thursday (March 4) weekly report from the U.S. Bureau of Labor Statistics (BLS). The previous week’s level was revised up by 6,000...
