Economy

Economy
Coronavirus Refunds: The Chicago Bears Provide Reimbursement Option To Season Ticket Holders
July 02, 2020

As the pandemic continues to disrupt everyday life the world over, many consumers want refunds on things they paid for but aren’t able to use. Sports teams, in one case, are offering to provide reimbursements to season ticket holders. Get the Full Story Complete the...

Economy
CBO: US GDP Will Grow 12 Pct In 2020
July 02, 2020

For the Congressional Budget Office (CBO), the glass is half full. 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. By completing...

Economy
Saving Main Street: College Towns Deal With Economic Devastation
July 02, 2020

Downtowns everywhere from Maine to California are dealing with varying degrees of economic and existential pain as a result of the pandemic, but nowhere is the pain as acute as in college towns. Cities like Ann Arbor, Michigan; Ithaca, New York and Davis, California have...

Economy
90 Days To A New World
July 02, 2020

Fear has been a key ingredient in some of the strangest episodes in human history, and the COVID-19 pandemic now joins that dubious list. PYMNTS’ research division has tracked the pandemic’s progress since the first week of March – not just in economic terms, but...

Economy
US Unemployment Rate Drops To 11 Pct; Jobless Claims Fall To 1.4M
July 02, 2020

The U.S. economy added a record 4.8 million nonfarm jobs in June and the unemployment rate fell to a lower-than-expected 11.1 percent, the U.S. Labor Department reported Thursday (July 2). Meanwhile, the number of Americans who filed jobless claims dropped in the latest week, but still...

Economy
The One Employment Stat That Could Threaten The Recovery
July 02, 2020

Many Americans have seen their household incomes become one of COVID-19’s many casualties, as the U.S. unemployment rate has skyrocketed and millions of workers who still have jobs face cuts to their hours or pay rates. Get the Full Story Complete the form to unlock...

Economy
Coronavirus Refunds: Austin City Limits Ticket Holders To Get Reimbursement, Carryover Options
July 01, 2020

As the coronavirus pandemic continues to disrupt everyday life the world over, many consumers want refunds on things they paid for but aren’t able to use. Concertgoers are receiving the option to get refunds for tickets to postponed events or keep their tickets for next...

Economy
Gyms Continue To Struggle With Rocky Reopenings
July 01, 2020

Now that many consumers have to make appointments to go to the gym or use a specific piece of equipment amid the pandemic, will they want to visit fitness clubs again? Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Global Tourism Faces Multi-Trillion-Dollar Hit From COVID-19
July 01, 2020

The tourism sector in the United States will take the biggest hit of any country in the world from COVID-19, with China a distant second, a new United Nations study finds. Get the Full Story Complete the form to unlock this article and enjoy unlimited...