Consumer spending went up 0.5 percent in April to $80.3 billion, with a $112.6 billion boost in the services sector that helped offset a $32.3 billion decrease in expenditures on goods, according to the monthly report by the Bureau of Economic Analysis (BEA) on Friday (May...
The pandemic is moving into the rearview mirror. And a cursory read of the headlines may make it seem that we’re headed out from under unprecedented times of economic upheaval. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
New jobless claims in the week ending May 22 dropped again — the fourth time in a row — coming in at 406,000, a decline of 38,000 from the previous week’s unrevised total of 444,000, according to the U.S. Department of Labor’s latest weekly report on Thursday...
The U.S. Labor Department had more good news on the economic front, as the (seasonally adjusted) number of people filing for unemployment dropped to 444,000 last week (ending May 15). That’s a decrease of 34,000 from the (revised) number of workers filing a claim the...
We may be getting through the pandemic, with light at the end of the proverbial tunnel, but the economic impacts still appear to be lingering. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Initial jobless claims tumbled to 473,000, beating expectations and marking a new record low from the pandemic’s historic highs. 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...
While U.S. President Joe Biden has continued advocating for the necessity of boosted jobless benefits, employers say they are having trouble getting workers to fill available jobs, the Financial Times reported on Tuesday (May 11). Get the Full Story Complete the form to unlock this article and...
California Gov. Gavin Newsom has proposed a $100 billion stimulus plan to triple the state’s direct cash assistance program and reach around two-thirds of the state’s residents, Wall Street Journal (WSJ) reported Monday (May 10). Get the Full Story Complete the form to unlock this...
The U.S. Chamber of Commerce is calling on Capitol Hill to pull the plug on enhanced unemployment benefits enacted during the COVID-19 pandemic, the Associated Press (AP) reported on Friday (May 7). Get the Full Story Complete the form to unlock this article and enjoy...
