Economy

Economy
Work-From-Home Trend Leads To Increase In Backyard Sheds
September 08, 2020

As the COVID-19 crisis drags on, Americans continue to explore new ways of working from home — sometimes including building sheds to add more space to their living areas. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Study: Virus Has Sent Most U.S. 18- to 29-Year-Olds Living With Their Parents
September 08, 2020

For the first time since the Great Depression, most adult children in the U.S. are living with their families, according to a new report. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
US Retailers Added 249,000 Jobs In August
September 07, 2020

Last Friday’s (Sept. 4) jobs report brought good news to the nation’s retail sector as it added nearly one quarter of a million jobs in August. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
US Stimulus Deal Seen As Unlikely As Job Numbers Improve
September 07, 2020

As the unemployment rate fell to the single digits last week, hope for a compromise stimulus package may have disappeared. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Fed’s Rosengren: Even With Positive Job Numbers, US In ‘Significant Recession’
September 04, 2020

Despite a better than expected job report, Boston Federal Reserve President Eric Rosengren told CNBC a full recovery is impossible until COVID-19 is under control. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
US Adds 1.4M Jobs In August, Jobless Rate Falls To 8.4 Pct
September 04, 2020

The U.S. added 1.4 million jobs in August while the nation’s unemployment rate fell to 8.4 percent, down from 10.2 percent in July, the U.S. Bureau of Labor Statistics (BLS) reported Friday (Sept. 4). Get the Full Story Complete the form to unlock this article...

Economy
Jobless Claims Fall, But SMBs (And Jobs) Still Walk A Pandemic Tightrope
September 03, 2020

Trend — or more tightrope walking? 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 Today. By completing this form, you agree to...

Economy
US Weekly Jobless Claims Drop To 881,000, Lowest Level Since Pre-Pandemic
September 03, 2020

The number of Americans who filed for jobless claims fell to its the lowest number since the pandemic began in March, better than analysts’ expectations, according to the latest data from the U.S. Department of Labor (DOL) on Thursday (Sept. 3).  Get the Full Story Complete...

Economy
Hilton To Permanently Close Its Hotel In New York City’s Times Square
September 03, 2020

The Hilton Times Square is the latest victim of the coronavirus pandemic. In a filing with New York’s State Department of Labor, the managing director of the 44-story landmark said it will close permanently next month and 200 jobs will be lost. Get the Full...