Economy

Economy
House Committee Passes $400-A-Week Supplemental Jobless Benefit
February 10, 2021

The House Ways and Means Committee is going forward with a $400 weekly supplement to unemployment benefits, one of President Joe Biden’s key features for his proposed pandemic relief package, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy...

Economy
Biden And Yellen Will Talk Stimulus With Nation’s Leading CEOs
February 09, 2021

Chief executives from some of the nation’s top companies are heading to Washington, D.C. to talk about the $1.9 trillion stimulus plan with President Joe Biden and Treasury Secretary Janet Yellen, CNBC reported on Tuesday (Feb. 9). Get the Full Story Complete the form to unlock...

Economy
Vaccine Delays Push Office Reopening Timeline Past Summer
February 09, 2021

If asked a year ago if they could imagine missing sitting in traffic during their morning commute, we imagine the vast majority of American workers would have said no. Most people can agree that sitting in a traffic jam has no redeeming qualities. Get the...

Economy
Yellen: Stimulus Could Return US To Full Employment In 2022
February 07, 2021

Treasury Secretary Janet Yellen said Sunday (Feb. 7) that she expects U.S. employment to return to pre-pandemic levels sometime in 2022, CNN reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
UK Recovery May Be Hampered By Tight Borders Post-Vaccine
February 05, 2021

Tight borders after the distribution of coronavirus vaccines will likely have a negative impact on economic recovery in the U.K., Ben Broadbent, deputy governor for monetary policy at the Bank of England (BOE), told CNBC on Friday (Feb. 5). Get the Full Story Complete the form...

Economy
Jobs Data: Surge In Temp Workers Could Herald New SMB Business Model
February 05, 2021

A recovery is in sight – in the economy overall, and in jobs – but on the other side of the pandemic, the workforce may look quite different. To that end, January saw a rebound in employment – where the job gains were small, to...

Economy
Nonfarm Jobs Rise By 49,000, But Pandemic Continues To Hammer Economy
February 05, 2021

The U.S. unemployment rate fell slightly in January to 6.3 percent as nonfarm payroll employment changed little, rising by 49,000, according to the figures released Friday (Feb. 5) by the Bureau of Labor Statistics (BLS). The increase in the number of jobs was roughly in line...

Economy
Costco Racks Up Stimulus Spend; Research Shows High-Income Consumers Will Save
February 04, 2021

There were all kinds of questions in the public sphere as the second round of stimulus checks went out in early 2021. Would consumers actually spend them as intended, or would those stimulus dollars flow into savings accounts and toward paying off debt as so much of...

Economy
Cultural Venues Seeking Relief Could Overwhelm Federal Fund
February 04, 2021

Operators of cash-strapped performance venues shuttered by pandemic restrictions are expected to turn out in droves seeking funds from a $15 billion program Congress created to help the industry, The New York Times (NYT) reported. Get the Full Story Complete the form to unlock this...