Economy

Economy
Report: Job Growth In Next Decade Predicted Slower Than Great Recession
September 01, 2020

U.S. employment is projected to increase by 6 million jobs over the decade from 2019 through 2029. 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...

Economy
New Data Shows Americans Made And Spent Slightly More In July
August 28, 2020

Americans made 0.4 percent more money in July than in June, took home 0.2 percent more after taxes and spent 1.9 percent more, according to a preliminary report issued on Friday (Aug. 28) by the federal Bureau of Economic Analysis. Get the Full Story Complete...

Economy
Related Cos. CEO Calls For Workers To Come Back To New York City
August 27, 2020

Some major New York City retail properties — including the shopping center at Hudson Yards — are only producing 50 percent of pre-pandemic rent, the CEO of major Big Apple landlord Related Cos. said Thursday (Aug. 27), according to CNBC. Get the Full Story Complete...

Sales Declines Slow At US Restaurant Chains
August 27, 2020

Restaurant dining is not yet in positive territory, but the declines at major U.S. chains are shrinking, according to a press release from NPD Group, a New York-based market research company. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
U.S. Jobless Claims Exceed 1M Again, Number Down From Previous Week
August 27, 2020

The number of Americans who filed for jobless claims exceeded 1 million last week, but it was down slightly compared to the previous week, the U.S. Department of Labor (DOL) reported on Thursday (Aug. 27). Get the Full Story Complete the form to unlock this...

Economy
Salesforce Orders Some 1,000 Layoffs Despite Great Earnings And Record Stock Price
August 26, 2020

Salesforce is cutting around 1,000 jobs, or 2 percent of its workforce, despite a massive earnings report that raised the company’s stock, CNBC reported. The cuts come even though Saleforce stock soared 26 percent to a record-high $272.32 Wednesday (Aug. 26). Get the Full Story...

Economy
Republicans Ready A More Modest Stimulus Bill
August 26, 2020

Republican lawmakers are aiming to release a narrower pandemic stimulus bill as soon as this week, CNBC reported. 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
Las Vegas Casino Revenue Drops Almost 40 Pct In July
August 26, 2020

As a sign that Las Vegas is grappling with bringing customers back, casino revenue on the Strip plunged nearly 40 percent to just over $330 million in July from the previous year. Overall casino revenue in Nevada dropped just under $757 million, marking a 26...

Economy
11.3 Pct Hike In Auto Sales Drives Durable Goods Growth In July
August 26, 2020

Americans made virtual trips to car showrooms in July as new orders for manufactured durable goods, products lasting three years or more, increased by 11.2 percent, or $23.2 billion, to $230.7 billion, according to a report from the U.S. Census Bureau. Get the Full Story...