Economy

Economy
US Offices Only At 50 Pct Capacity In August
September 17, 2020

Most office buildings are still dark in the U.S., six months and counting since the pandemic started, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Fed Chair: Labor Market Recovery Has Long Way To Go
September 17, 2020

Federal Reserve Board Chairman Jerome Powell said the U.S. labor market has a long way to go to meet the central bank’s maximum employment goal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
US Jobless Claims Fall Slightly To 860K
September 17, 2020

First-time claims for jobless benefits fell slightly last week to 860,000, lower than predictions by Dow Jones economists. 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...

Economy
Lenders Brace For Wave Of Hotel Closures
September 16, 2020

The impending demise of the Hilton in Times Square is just the tip of the iceberg when it comes to what experts believe will be a wave of hotel closures across the country. Get the Full Story Complete the form to unlock this article and...

Economy
Report: US Median Income Up, Poverty Rate Down In 2019
September 15, 2020

Prior to the COVID-19 pandemic that struck earlier this year, U.S. median household income increased last year and the nation’s poverty rate fell 1.3 percentage points. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
House Republicans Move To Legislate Trump’s Payroll Tax Break
September 14, 2020

U.S. House Republicans are proposing legislation that if adopted by the Democrat-controlled body and GOP-run Senate would codify the payroll tax cut President Donald Trump granted through an executive order. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
US Consumer Sentiment Looks Uncertain As Holiday-Shopping Season Approaches
September 13, 2020

Many people prepared during the pandemic’s early days for what they forecast as a relatively short disruption to their daily lives — a few weeks or months of slowdown, followed by fast return to normal. Get the Full Story Complete the form to unlock this...

Economy
US Consumer Price Index Rises 0.4 Pct In August
September 11, 2020

Following a 0.6 percent increase in July, the U.S. Bureau of Labor Statistics reported that the seasonally adjusted Consumer Price Index (CPI) for All Urban Consumers rose 0.4 percent in August. The bureau reported that the all items index climbed 1.3 percent prior to seasonal adjustment...

Economy
Stimulus Bill Fails To Advance In Senate
September 10, 2020

A stalemate over the future of coronavirus stimulus will continue as of Thursday (Sept. 10) as the Senate failed to pass a Republican plan to advance more financial aid, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited...