Economy

Economy
Looking Up: Fed Says Vaccines Boost Optimistic Businesses Outlook
March 04, 2021

The economy in the U.S. is looking up, business owners say, with more vaccines and better employment levels going a long way towards improving conditions, according to the most recent Beige Book report from the Federal Reserve. Get the Full Story Complete the form to...

Economy
Higher Supply Chain Costs Weigh On US Service Sector
March 03, 2021

In the service sector in the U.S., things were looking up in February. 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 daily newsletter, PYMNTS Today....

Economy
ADP Report: SMBs Add 89,000 New Jobs In February
March 03, 2021

Jobs are up 117,000 in the private sector according to the February ADP National Employment Report, a drop from January’s 195,000 upwardly revised level and missing the Dow Jones estimate of 225,000. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Senators Call For Recurring Stimulus Checks, Automatic Unemployment Extensions
March 02, 2021

A new coronavirus relief bill proposed by some lawmakers would allow for more recurring stimulus checks and automatic unemployment insurance extensions, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
CFPB: 10 Pct Of US Households At Risk Of Eviction, Foreclosure
March 02, 2021

A new Consumer Finance Protection Bureau report says that there are currently 11 million people at risk of losing their housing, whether by evictions or foreclosure. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Zoom Out: Commerce Adjusts To School Reopenings
February 26, 2021

For millions of American students, it’s coming up on the first anniversary of their last visit to a classroom. Some students have gone back to in-person learning, some have been in hybrid educational programs that had them half in the classroom and half at home,...

Economy
Stimulus Checks Fuel January Personal Income Spike
February 26, 2021

Stimulus checks did their job in January. The Commerce Department released its personal income report Friday (Feb. 26) showing an expected 10 percent spike as the year kicked off, which reflected the $600 stimulus checks included in the last coronavirus relief bill. By comparison, the...

Economy
Jobless Claims Drop Below 800,000
February 25, 2021

New jobless claims dropped below 800,000 for the first time during the pandemic, and although numbers are still way above normal levels, they are better than the pandemic’s peak. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
NY CEOs Support House Dems’ Aim To Pass $1.9 Trillion Relief Package
February 24, 2021

U.S. House Democrats indicated that they plan to approve the Biden administration’s $1.9 trillion coronavirus relief bill on Friday (Feb. 26), while over 150 New York business leaders sent a letter to Congress urging bipartisan passage, CNBC reported on Wednesday (Feb. 24). Get the Full...