Economy

Economy
Weekly US Jobless Claims Again Exceed 1M
July 16, 2020

For the 17th consecutive week, the number of Americans who filed for unemployment benefits exceeded 1 million. 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
Restaurant Association Seeks Federal Help To Stabilize Industry
July 15, 2020

The National Restaurant Association has issued a Blueprint for Restaurant Revival to help stabilize and stimulate the industry, including funding for restaurants and at-risk communities in need of help, according to a press release. Get the Full Story Complete the form to unlock this article...

Economy
Stimulus Package May Be Unveiled Next Week
July 15, 2020

More relief could be on the way for Americans hurting from the economic impacts of COVID-19. 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...

Economy
Fed’s Harker Warns Of Economic Fallout Of Increased COVID Cases
July 15, 2020

Philadelphia Federal Reserve President Patrick Harker says the mass spikes in coronavirus cases across the U.S. will likely dampen the economy as well, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Consumer Price Index Reports First Rise In Three Months
July 14, 2020

After three months of decline, the Consumer Price Index (CPI) from the U.S. Bureau of Labor Statistics (BLS) rose 0.6 percent in June for all items, buoyed by rises in the food and energy categories. Get the Full Story Complete the form to unlock this...

Economy
Fed’s Brainard: Economic Recovery So Far Could Be Temporary
July 14, 2020

Federal Reserve Governor Lael Brainard said the road to recovery for the U.S. economy won’t be an easy one, according to The Wall Street Journal (WSJ). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
More SMBs Throw In The Towel After Lockdown Restrictions
July 14, 2020

The resurgence of the COVID-19 has delivered a crippling blow to many small businesses, The New York Times 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...

Economy
US Deficit Now At $3T With Stimulus Spending
July 13, 2020

The annual U.S. budget deficit rose above $3 trillion for the year ending in June amid plummeting tax revenues due to mass unemployment and shuttered businesses during lockdown periods, The Wall Street Journal reported. Get the Full Story Complete the form to unlock this article and...

Economy
Economists Say 68 Pct Of Unemployed Workers Collected More Than Their Regular Wages
July 12, 2020

In three weeks, the $600 federal jobless benefit that has been added to the state’s unemployment checks will end. 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...