In the first quarter, the economies of the major industrial countries declined at the sharpest rate since the Great Recession’s financial crisis. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
Economists are beginning to forecast that the worst damage of the coronavirus pandemic is over, according to The Wall Street Journal on Monday (May 25), pending that there isn’t a second wave of the virus. Get the Full Story Complete the form to unlock this...
Two out of five people in Georgia — 40.3 percent of its workforce — have filed for unemployment since the state reopened its economy on April 30, the first to do so. But people are still staying close to home, making it harder for jobs...
As they lowered their 2021 growth outlook and forecast an unemployment rate at 10 percent at a minimum through the first quarter of that year, JPMorgan Chase & Co. economists reportedly see the country’s pandemic recovery occurring more sluggishly than thought in the past. Get...
The U.S. economy is starting its walk back toward recovery, with all 50 states having publicly issued plans to begin reopening businesses after some eight weeks of closures that have cost nearly 40 million jobs. But a political conflict is building in Washington as Democrats...
In what could be among the most devastating economic impacts of COVID-19 overseas, a survey revealed 75 percent of Dubai businesses said they expect to close within the next six months, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Raphael Bostic, president of the Atlanta Federal Reserve, called Georgia’s reopening rollout a “mixed bag” in which only parts of the state were eager to go back out. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
New York Federal Reserve Bank President John Williams said economic data is likely to be worse as the impact of COVID-19 becomes clearer, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The number of workers who filed jobless claims fell slightly again last week, but the coronavirus crisis has put 38.6 million Americans on unemployment insurance since the pandemic struck in March, according to the latest data from the Department of Labor (DOL). Get the Full...
