Treasury Secretary Janet Yellen said Sunday (Feb. 7) that she expects U.S. employment to return to pre-pandemic levels sometime in 2022, CNN reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Tight borders after the distribution of coronavirus vaccines will likely have a negative impact on economic recovery in the U.K., Ben Broadbent, deputy governor for monetary policy at the Bank of England (BOE), told CNBC on Friday (Feb. 5). Get the Full Story Complete the form...
A recovery is in sight – in the economy overall, and in jobs – but on the other side of the pandemic, the workforce may look quite different. To that end, January saw a rebound in employment – where the job gains were small, to...
The U.S. unemployment rate fell slightly in January to 6.3 percent as nonfarm payroll employment changed little, rising by 49,000, according to the figures released Friday (Feb. 5) by the Bureau of Labor Statistics (BLS). The increase in the number of jobs was roughly in line...
There were all kinds of questions in the public sphere as the second round of stimulus checks went out in early 2021. Would consumers actually spend them as intended, or would those stimulus dollars flow into savings accounts and toward paying off debt as so much of...
Operators of cash-strapped performance venues shuttered by pandemic restrictions are expected to turn out in droves seeking funds from a $15 billion program Congress created to help the industry, The New York Times (NYT) reported. Get the Full Story Complete the form to unlock this...
U.S. Sen. Mitt Romney (R-Utah) is proposing that the federal government provide an average of $3,000 per year for most households through an initiative that he says would dramatically reduce child poverty and pay for itself through cost savings brought about by the consolidation of...
For the second consecutive week, new jobless claims are below 900,000, dropping 33,000 for the period ending Jan. 30, to 779,000, according to the weekly Department of Labor report released on Thursday (Feb. 4). Last week was the first time numbers dropped below 900,000 in three...
U.S. businesses added 174,000 jobs in January, bouncing back from a 78,000 drop in December and beating economists’ forecasts, according to data released Wednesday (Feb. 3) by payroll processor ADP. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
