Personal income dropped by 2 percent in May to $414.3 billion, beating forecasts that expected it to decline more, according to estimates released Friday (June 25) by the Bureau of Economic Analysis (BEA). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Many United States consumers are now out and about, free to shop at any number of reopened businesses and dine at various restaurants. If you were to stop any of these consumers and ask where they made their last purchases, however, the odds are strong...
The Gross Domestic Product (GDP) in the U.S. is up 6.4 percent for the first quarter of 2021, according to the third estimate released by the Bureau of Economic Analysis (BEA). Fourth-quarter GDP was up 4.3 percent. Get the Full Story Complete the form to...
After an unexpected rise in new jobless claims last week, numbers are trending downward again for the week ending June 19, according to the Thursday (June 24) report from the Bureau of Labor Statistics. Get the Full Story Complete the form to unlock this article and enjoy...
The poorest half of United States households saw a boost in wealth amid the pandemic, Bloomberg reported. 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...
According to New York Fed leader John Williams, the U.S. Federal Reserve shouldn’t be so quick to cut off support to the still-recovering economy, the Wall Street Journal (WSJ) wrote Monday (June 21). Get the Full Story Complete the form to unlock this article and...
As the U.S. economy begins to fully reopen after more than a year of lockdowns and layoffs, new unemployment claims declined six weeks in a row. This week, however, new claims have ticked up, according to the Thursday (June 17) report from the Bureau of Labor...
McDonald’s CEO Chris Kempczinski said the fast food giant will likely see in-person dining get back to normal soon, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The cost of doing business is up — mostly, as new government data indicates, because inflation is powerfully on the rise. Figures released by the Bureau of Labor Statistics on Tuesday (June 15) reveal the Producer Price Index (PPI) rose at a record rate in May,...
