Economy

Economy
JOLTS: Little Change In Job Openings, New Hires Amid Slowing Labor Market
December 09, 2020

The Job Openings and Labor Turnover Survey (JOLTS) indicates that the number of new job openings was largely unchanged at 6.7 million positions on Oct. 30, according to the latest report by the Bureau of Labor Statistics (BLS) on Wednesday (Dec. 9). Get the Full...

Economy
Stimulus Negotiators Face Pressure From All Sides To Rapidly Approve Package
December 09, 2020

Eight months, 14.8 million new cases and 275,000 deaths after Congress passed the $2.2 trillion CARES Act in late March to cushion the economic blow of the coronavirus, and lawmakers are inching toward approving a second round of stimulus, albeit one less than half the...

Economy
Brand-New Data: Imminent Vaccine Availability No Magic Bullet Against COVID Fears
December 09, 2020

Days after the first Pfizer/BioNTech vaccine announcement was made, PYMNTS set out to discover how a much-anticipated COVID-19 immunity shot is likely to move the needle of normalcy and begin to boost confidence, allowing America to affect a recovery in full. Get the Full Story...

Economy
Wells Fargo’s Scharf Predicts Rapid Economic Rebound After Vaccines Are Out
December 09, 2020

Charlie Scharf, the CEO of Wells Fargo, thinks once the COVID vaccines are able to reach wide swathes of the country, the U.S. economy will recover quickly, CNBC reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Mnuchin’s $916 Billion Stimulus Plan Includes Business Protections
December 08, 2020

Treasury Secretary Steven Mnuchin said he presented a new $916 billion COVID-19 relief bill to House Speaker Nancy Pelosi, signaling the first move from the President Donald Trump administration to pass a stimulus bill since the election last month, Bloomberg reported. Get the Full Story...

Economy
Restaurant Industry: Over Half-Million Eateries In ‘Economic Free Fall’
December 08, 2020

Over 110,000 restaurants have shuttered since the start of the COVID-19 pandemic and another 500,000-plus establishments are in an “economic free fall,” the National Restaurant Association said in a letter to Congress. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
American Airlines Offers Preflight COVID Tests For US Destinations
December 08, 2020

American Airlines on Tuesday (Dec. 8) rolled out plans to offer preflight COVID-19 testing in the United States as battered airlines seek ways to lure back wary travelers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Millennials Pivot Toward Homeownership; Economic Ripple Effects Still Unknown
December 08, 2020

It was only a few short years ago that the conventional wisdom was that millennials were shaping up to be slower entering the homebuying market than their Gen X siblings and baby boomer parents. The theory most famously put forth by the Washington Post’s Catherine Rampell...

Economy
Business Leaders Push Congress For New Stimulus Dollars As Economy Wavers
December 08, 2020

Some of the top business groups in the United States are ramping up pressure on Congress to pass a second major stimulus package as coronavirus cases surge and the economic recovery shows signs of stalling out. Get the Full Story Complete the form to unlock...