Economy

Economy
Does The Merchant And Consumers’ Disconnect On The Pandemic’s Length Signal Trouble?
September 21, 2020

By the numbers, Main Street merchants are feeling a little bit better these days than they were six months ago when the pandemic began, according to the latest PYMNTS Main Street business survey. Some 54 percent now report feeling confident they’ll survive through the outbreak’s...

International Trade Shows Signs Of Recovery
September 20, 2020

While most sectors have suffered from the pandemic, global trade has proved remarkably resilient. 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 newsletter, PYMNTS...

Economy
Consumer Sentiment Index Rises To 78.9 In September
September 18, 2020

The University of Michigan Survey of Consumers reported that its Index of Consumer Sentiment registered a 78.9 result for September 2020 based on preliminary data, up from 74.1 in August 2020 but still below September 2019’s 93.2 level. Get the Full Story Complete the form...

Economy
US Offices Only At 50 Pct Capacity In August
September 17, 2020

Most office buildings are still dark in the U.S., six months and counting since the pandemic started, The Wall Street Journal (WSJ) reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Economy
Fed Chair: Labor Market Recovery Has Long Way To Go
September 17, 2020

Federal Reserve Board Chairman Jerome Powell said the U.S. labor market has a long way to go to meet the central bank’s maximum employment goal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
US Jobless Claims Fall Slightly To 860K
September 17, 2020

First-time claims for jobless benefits fell slightly last week to 860,000, lower than predictions by Dow Jones economists. 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...

Economy
Lenders Brace For Wave Of Hotel Closures
September 16, 2020

The impending demise of the Hilton in Times Square is just the tip of the iceberg when it comes to what experts believe will be a wave of hotel closures across the country. Get the Full Story Complete the form to unlock this article and...

Economy
Report: US Median Income Up, Poverty Rate Down In 2019
September 15, 2020

Prior to the COVID-19 pandemic that struck earlier this year, U.S. median household income increased last year and the nation’s poverty rate fell 1.3 percentage points. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
House Republicans Move To Legislate Trump’s Payroll Tax Break
September 14, 2020

U.S. House Republicans are proposing legislation that if adopted by the Democrat-controlled body and GOP-run Senate would codify the payroll tax cut President Donald Trump granted through an executive order. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...