Economy

Economy
Zoom Out: Commerce Adjusts To School Reopenings
February 26, 2021

For millions of American students, it’s coming up on the first anniversary of their last visit to a classroom. Some students have gone back to in-person learning, some have been in hybrid educational programs that had them half in the classroom and half at home,...

Economy
Stimulus Checks Fuel January Personal Income Spike
February 26, 2021

Stimulus checks did their job in January. The Commerce Department released its personal income report Friday (Feb. 26) showing an expected 10 percent spike as the year kicked off, which reflected the $600 stimulus checks included in the last coronavirus relief bill. By comparison, the...

Economy
Jobless Claims Drop Below 800,000
February 25, 2021

New jobless claims dropped below 800,000 for the first time during the pandemic, and although numbers are still way above normal levels, they are better than the pandemic’s peak. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
NY CEOs Support House Dems’ Aim To Pass $1.9 Trillion Relief Package
February 24, 2021

U.S. House Democrats indicated that they plan to approve the Biden administration’s $1.9 trillion coronavirus relief bill on Friday (Feb. 26), while over 150 New York business leaders sent a letter to Congress urging bipartisan passage, CNBC reported on Wednesday (Feb. 24). Get the Full...

Economy
Deutsche Bank Economists Predict US GDP To Rise 7.5 Percent In 2021
February 24, 2021

The 2021-22 forecast for the U.S. GDP was revised upward by Deutsche Bank economists on expectations that the proposed $1.9 trillion pandemic stimulus package will pass both Congressional chambers, Reuters reported on Wednesday (Feb. 24). Get the Full Story Complete the form to unlock this...

Economy
NY Fed Economists: ‘This Time is Different’ Compared To Great Recession
February 24, 2021

No two recessions are exactly alike. 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 this form, you agree to...

Economy
Pandemic’s Supply Chain Pain Points — And The Salves Of High-Tech Solutions
February 23, 2021

For manufacturers and supply chains, there’s a wide difference between reacting to the pandemic, getting through it — and tackling what’s next. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Consumer Confidence Hits Three-Month High
February 23, 2021

Consumer confidence hit a three-month high in February as cases of COVID-19 continue to drop and vaccine distribution expands, according to a Tuesday (Feb. 23) report from The Conference Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Data Shows 28 Pct Of Americans Consider Relocation As WFH Gains Ground
February 22, 2021

An unintended side effect of the pandemic has been that younger Americans have found it more freeing to work from home and move to areas of their liking, even those outside of big areas where their corporate offices are located, according to a report from...