The Employment Cost Index (ECI) rose 0.7 percent last quarter, following a 0.9 percent increase in the first three months of 2021, per a Friday (July 30) Reuters report. The figure that’s seen as measuring labor costs has gone up almost 3 percent in the...
It was not supposed to happen like this. Seven months after a handful of new COVID vaccines were given the governmental go-ahead, the U.S. and the world were expecting to be on the cusp of closing this ugly chapter once and for all by now....
A spending rebound, yes — but the question is whether it will be sustainable, or whether the Delta variant will stop consumer sentiment, and the urge to keep buying now, in its tracks. Get the Full Story Complete the form to unlock this article and...
The spreading Delta variant is casting a dark shadow over the U.S. economic outlook despite June’s 1 percent increase in household spending, The Wall Street Journal reported on Friday (July 30). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Applications for initial jobless claims dropped 24,000 to 400,000 for the week that ended July 24, according to the Thursday (July 29) weekly report from the Bureau of Labor Statistics (BLS). The previous week’s level was revised up to 424,000 from the original 419,000. Get...
The Consumer Confidence Index, sitting at 129.1 in July, is mostly unchanged from its previous several months, according to a report from The Conference Board. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Goldman Sachs has cut its perception for U.S. economic activity for the near future, with the reasons being twofold: the slowdown in consumer spending and the rise of the COVID-19 Delta variant, CNN reported. Get the Full Story Complete the form to unlock this article...
The Federal Reserve is planning to meet this week to discuss when and how it will scale back its low pandemic interest rates, given the economic risks of the Delta variant and high inflation, the Associated Press (AP) reported. Get the Full Story Complete the...
Supply chains connecting the world’s economies are at or near the breaking point due to the COVID-19 surge, natural disasters in Asia and Europe and a potent cyberattack in South Africa, Reuters reported. Get the Full Story Complete the form to unlock this article and...
