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...
There is no joy in economic Mudville today, as the latest jobs report has come in and more or less struck out. The U.S. economy added only 266,000 jobs in April 2021 — the one-year anniversary of the worst job loss for any month on...
Signals that the U.S. economy had turned a corner and was now red hot and surging back from the COVID-19 crisis had sprung up everywhere. But the latest U.S. jobs report was a disappointment, given that it was much lower than analysts’ expectations. Get the...
The ultimate scope and length of the pandemic are still among the “most significant risks to the financial system,” according to a Financial Stability Report from the Federal Reserve, which said that positive vaccine-related news, better-than-forecasted economic data, further fiscal support and accommodative monetary policy...
New jobless claims for the week ending May 1 came in at 498,000, the lowest level since the pandemic took hold in March 2020, according to the weekly report from the Bureau of Labor Statistics (BLS) on Thursday (May 6). The previous week’s level was revised up...
U.S. retail sales had another month of double-digit growth in April, according to a press release from Mastercard emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
The U.S. goods and services deficit widened to $74.4 billion in March, rising $3.9 billion from $70.5 billion in February, according to data released on Tuesday (May 4) by the U.S. Census Bureau and the U.S. Bureau of Economic Analysis. Get the Full Story Complete...
Restaurant chain Cosi, which is now in bankruptcy, wants to speed up the process so it can gain access to federal aid for restaurants as part of President Biden’s $1.9 trillion COVID-19 relief plan. Get the Full Story Complete the form to unlock this article...
Big news in the U.S. last week as figures from the Census Bureau and Treasury Department pointed to an economic recovery gaining momentum as the U.S. consumers have been receiving their latest and largest stimulus checks to date over the last several weeks. Get the...
