The economy in the U.K. contracted 9.9 percent in 2020, the worst year on record since 1709, the Office for National Statistics (ONS) said in a report on Friday (Feb. 12). The overall economic drop in 2020 was more than double in 2009, when U.K....
The number of Americans who filed for new jobless claims for the week ending Feb. 6 dropped for the fourth consecutive week, continuing the downward trend of 2021, but still slightly higher than economists’ expectations. Get the Full Story Complete the form to unlock this...
The House Ways and Means Committee is going forward with a $400 weekly supplement to unemployment benefits, one of President Joe Biden’s key features for his proposed pandemic relief package, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy...
Chief executives from some of the nation’s top companies are heading to Washington, D.C. to talk about the $1.9 trillion stimulus plan with President Joe Biden and Treasury Secretary Janet Yellen, CNBC reported on Tuesday (Feb. 9). Get the Full Story Complete the form to unlock...
If asked a year ago if they could imagine missing sitting in traffic during their morning commute, we imagine the vast majority of American workers would have said no. Most people can agree that sitting in a traffic jam has no redeeming qualities. Get the...
Treasury Secretary Janet Yellen said Sunday (Feb. 7) that she expects U.S. employment to return to pre-pandemic levels sometime in 2022, CNN reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Tight borders after the distribution of coronavirus vaccines will likely have a negative impact on economic recovery in the U.K., Ben Broadbent, deputy governor for monetary policy at the Bank of England (BOE), told CNBC on Friday (Feb. 5). Get the Full Story Complete the form...
A recovery is in sight – in the economy overall, and in jobs – but on the other side of the pandemic, the workforce may look quite different. To that end, January saw a rebound in employment – where the job gains were small, to...
The U.S. unemployment rate fell slightly in January to 6.3 percent as nonfarm payroll employment changed little, rising by 49,000, according to the figures released Friday (Feb. 5) by the Bureau of Labor Statistics (BLS). The increase in the number of jobs was roughly in line...
