Economy

Economy
Senate SMB Chair Warns Of Small Business Layoffs Without PPP Aid
August 05, 2020

Small businesses across the country could face a looming meltdown with massive layoffs should Congress fail to include more money for the Paycheck Protection Program (PPP) in the latest coronavirus relief bill, a top Republican warns. Get the Full Story Complete the form to unlock...

Economy
ADP Reports Disappointing Private Sector Job Growth In July
August 05, 2020

Private sector employment rose by 167,000 in July, but the numbers are a far cry from June, when private-sector employment increased by nearly 2.4 million jobs, according to the ADP National Employment Report released on Wednesday (Aug 5). Get the Full Story Complete the form to unlock...

Economy
JPMC Data: Economy Looks To Be Stalled
August 04, 2020

Consumer spending data from J.P. Morgan Chase shows the economy at a standstill, according to a report by CNBC. 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...

Economy
The State Of Main Street In 2020’s Second Half
August 04, 2020

The first half of 2020 was a tough time to run a small business on Main Street as stay-at-home orders closed down restaurants and retailers for much or all of the past five months. That left small and medium-sized businesses (SMBs) scrambling to rapidly switch...

Economy
Poll: Almost Half Of Those Laid Off Doubt Jobs Will Return
August 03, 2020

Almost half of furloughed workers in the U.S. don’t believe their jobs are coming back, according to a report from CNBC citing a poll from The Associated Press-NORC Center for Public Affairs Research. Get the Full Story Complete the form to unlock this article and...

Economy
ISM: Manufacturing Back On The Rise After Sharp Downturn
August 03, 2020

The battered U.S. manufacturing sector continued its post-pandemic rebound in June, hitting its highest levels in more than a year in a bright spot amid growing unease over resurging coronavirus case numbers, a new survey finds. Get the Full Story Complete the form to unlock...

Economy
GOP, Democrats Far Apart On New Stimulus Package
August 03, 2020

With the House and Senate far apart on what the next stimulus package will look like, the White House is considering options if a deal is not reached, sources told The Washington Post. Get the Full Story Complete the form to unlock this article and...

Economy
Walking The Stimulus Check ‘Save Vs Spend’ Tightrope
August 03, 2020

Will saving for a rainy day today lead to economic clouds just a bit down the road? 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
Minneapolis Fed President Kashkari Urges 4-6 Week ‘Hard’ Shutdown
August 02, 2020

The U.S. economy would be best served if the nation were to be locked down for up to six weeks, Minneapolis Federal Reserve Bank President Neel Kashkari advised. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...