As the unemployment rate fell to the single digits last week, hope for a compromise stimulus package may have disappeared. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Despite a better than expected job report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery is impossible until COVID-19 is under control. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The U.S. added 1.4 million jobs in August while the nation’s unemployment rate fell to 8.4 percent, down from 10.2 percent in July, the U.S. Bureau of Labor Statistics (BLS) reported Friday (Sept. 4). Get the Full Story Complete the form to unlock this article...
Trend — or more tightrope walking? 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...
The number of Americans who filed for jobless claims fell to its the lowest number since the pandemic began in March, better than analysts’ expectations, according to the latest data from the U.S. Department of Labor (DOL) on Thursday (Sept. 3). Get the Full Story Complete...
The Hilton Times Square is the latest victim of the coronavirus pandemic. In a filing with New York’s State Department of Labor, the managing director of the 44-story landmark said it will close permanently next month and 200 jobs will be lost. Get the Full...
The iOS app economy has created nearly 300,000 new jobs since April 2019, “helping to provide opportunities” for business and employment growth even during the COVID-19 crisis, Apple said in a press release. Get the Full Story Complete the form to unlock this article and...
Private-sector employment went up by 428,000 jobs last month, said the ADP National Employment Report. That’s an improvement over the previous month’s 167,000 jobs, but still well below expectations. A survey of economists by Dow Jones had predicted a 1.17 million increase. Get the Full...
A Federal Reserve governor said Tuesday (Sept. 1) that the central bank has to launch initiatives “in coming months” to assist the economy in surmounting the pandemic’s effects, while meeting the pledge of more formidable employment expansion and greater inflation, Reuters reported. Get the Full...
