The U.S. economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to the December survey from the National Association for Business Economics (NABE). Get the Full Story Complete...
Lawmakers on both sides of the aisle continue to haggle over what should be in the next coronavirus stimulus bill, with the question of whether jobless workers should be entitled to months of retroactive employment checks likely to be one of many sticking points. Get...
One of the nation’s largest financial institutions (FIs) is quietly pushing for another round of stimulus funding, with the focus on helping jobless workers and low-income families. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The U.S. Senate may as early as Monday take up a new $908 billion stimulus package that includes help for small- to medium-sized businesses (SMBs) and state and local governments but will not include checks to U.S. households, the Financial Times (FT) reported. Get the...
The U.S. Bureau of Labor Statistics reported on Friday (Dec. 4) that America added 245,000 nonfarm jobs in November — a continued improvement since the pandemic economic crash, but far lower than the 440,000 job gains that economists had expected. Get the Full Story Complete the...
Headline data showing a 15 percent drop in November U.S. vehicle sales seem startling, but industry experts say it doesn’t accurately reflect the industry’s true state. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Data from the Census Bureau’s latest survey indicates that about a third of Americans are anticipating further job loss, pay cuts and evictions due to COVID-19’s economic fallout. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Initial jobless claims for the week ending Nov. 28 dipped to 712,000, down 75,000 from the previous week’s revised level even as states renewed lockdown measures amid a second wave of the coronavirus pandemic. New claims the previous week were revised up by 9,000 to...
On Wednesday (Dec. 2), House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer backed a bipartisan plan for $908 billion for a coronavirus stimulus, CNBC reported, and they encouraged Senate Majority Leader Mitch McConnell to get behind it, too. Get the Full Story Complete...
