Economy

Economy
US Set To Surpass China In Post-COVID Economic Recovery
March 07, 2021

With the world economy slated to grow around 6 percent this year according to Oxford Economics, the U.S. could play a central role, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Senate Stamps COVID Relief; House To Vote On Tuesday
March 07, 2021

The Senate has passed the $1.9 trillion coronavirus aid bill touted by President Joe Biden, and it will now go back to the House, where it’s expected to be approved in the coming days, CNBC reported. Get the Full Story Complete the form to unlock...

Economy
COVID-19 Relief: Senate Dems Trim Unemployment, Reject Minimum Wage Hike
March 05, 2021

Senate Democrats agreed to reel in jobless benefits and back off from a minimum wage hike in the $1.9 trillion COVID-19 pandemic relief package, The Wall Street Journal reported on Friday (March 5). Get the Full Story Complete the form to unlock this article and...

Economy
Nonfarm Jobs Rise By 379K As Economy Shows Renewed Growth
March 05, 2021

With a bit of wind at its back — in the form of December’s $900 billion U.S. stimulus package — the economy took a step toward a pandemic recovery in February. The U.S. Bureau of Labor Statistics reported on Friday (March 5) that total nonfarm...

Economy
New Unemployment Claims Up Slightly Over Previous Week
March 04, 2021

New jobless claims for the week ending Feb. 27 came in at 745,000, up from last week’s revised level of 736,000, according to the Thursday (March 4) weekly report from the U.S. Bureau of Labor Statistics (BLS). The previous week’s level was revised up by 6,000...

Economy
Looking Up: Fed Says Vaccines Boost Optimistic Businesses Outlook
March 04, 2021

The economy in the U.S. is looking up, business owners say, with more vaccines and better employment levels going a long way towards improving conditions, according to the most recent Beige Book report from the Federal Reserve. Get the Full Story Complete the form to...

Economy
Higher Supply Chain Costs Weigh On US Service Sector
March 03, 2021

In the service sector in the U.S., things were looking up in February. 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....

Economy
ADP Report: SMBs Add 89,000 New Jobs In February
March 03, 2021

Jobs are up 117,000 in the private sector according to the February ADP National Employment Report, a drop from January’s 195,000 upwardly revised level and missing the Dow Jones estimate of 225,000. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Senators Call For Recurring Stimulus Checks, Automatic Unemployment Extensions
March 02, 2021

A new coronavirus relief bill proposed by some lawmakers would allow for more recurring stimulus checks and automatic unemployment insurance extensions, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...