Economy

Economy
Optimism Remains Despite Record Jobless Numbers
May 08, 2020

Despite Friday’s (May 8) grim unemployment report, which revealed that the number of Americans who have lost their jobs has quadrupled since February, there is still optimism among the nation’s workforce. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Jobless Rate Hits 14.7 Pct; 20.5M Nonfarm Jobs Lost
May 08, 2020

The latest jobless report illustrates the devastation caused by COVID-19, as the U.S. Bureau of Labor Statistics released the worst unemployment numbers in the nation’s history. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Unemployment Filings Top 3.1M Across US
May 07, 2020

As the coronavirus pandemic continues to cripple the U.S. economy, another 3.169 million people filed for unemployment benefits in the week ending May 2. Total claims filed since COVID-19 hit the nation in March have topped 30 million. Get the Full Story Complete the form...

Economy
North Carolina Is Latest State To Loosen Lockdown
May 06, 2020

North Carolina Gov. Roy Cooper plans to ease his stay-at-home order as evidence suggests that COVID-19 cases have stabilized. 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
Trump Says Task Force Will Pivot To Reopening Country, But Consumers Still Worried About Health
May 06, 2020

President Trump announced on Wednesday (May 6), in a series of tweets, that his COVID-19 task force would actually continue its work, but that it will focus on “safety and opening up our country again.” Get the Full Story Complete the form to unlock this...

Economy
ADP’s Massive Job Loss Tally Underscores Main Street Lending Urgency
May 06, 2020

The pandemic has spared no one on Main Street – the fallout has touched everyone, from the smallest of storefronts to the largest of mid-sized companies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
European Economic Collapse May Rival Great Depression
May 06, 2020

The European Union’s economy is on track to contract by 7.4 percent this year — shrinking at a higher rate than during the Great Recession — in the aftermath of COVID-19 devastation. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
COVID Report: Organizing A Recovery
May 06, 2020

Making history many times over, the U.S. government passed $3 trillion as a life-support effort for American businesses, with a focus on preserving the nation’s economic backbone of small and medium-sized businesses (SMBs). Get the Full Story Complete the form to unlock this article and...

Economy
US Jobs Report Shows 11M Jobs Lost At SMBs
May 06, 2020

COVID-19 continues to take its toll on the nation’s workforce as the number of private-sector jobs fell by a record 20.2 million from March to April, including more than 11 million jobs from small- and medium-sized businesses, according to the April ADP National Employment Report....