Economy

Economy
OECD: Post-Pandemic Recovery Must Focus On New Jobs
July 08, 2021

Employment levels remain lower than before the start of the pandemic in most Organisation for Economic Co-operation and Development (OECD) member countries, according to a new report from the group, which says jobs must be the focus of economic and social recovery around the world....

Economy
Slight Uptick In New Unemployment Claims
July 08, 2021

New jobless claims unexpectedly edged up to 373,000 for the week ending July 3, missing forecasts that anticipated another decline, according to the July 8 report from the Bureau of Labor Statistics. The previous week’s level of 364,000 filings was revised upward by 7,000 to 371,000....

Economy
Increased Consumer Activity Drives Wages Up For Restaurant, Hospitality Workers
July 06, 2021

Low-wage workers are disproportionately finding jobs and receiving pay increases as the economy recovers from COVID-19 restrictions that increasingly are being lifted, the Wall Street Journal reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Uncle Sam Would Be Proud: Patriotic Consumers Seen Posting Record July Fourth Sales
July 05, 2021

Even before COVID-19 upended nearly every holiday tradition, total spending on Independence Day had been falling, as had the percentage of people celebrating the signing of the Declaration of Independence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
The County Fair Makes A Comeback
July 05, 2021

Though the technical start of summer begins in late June, for many Americans the official start of the hot season kicks off with the Fourth of July. Fireworks, pool parties, backyard barbecues and all manner of outdoor fun are beginning to refill our barren calendars...

Economy
Airport Security Screenings Exceed Pre-Pandemic Levels Ahead Of Holiday
July 02, 2021

Almost 2.15 million travelers traversed Transportation Security Administration (TSA) checkpoints on Thursday (July 1) in the lead-up to the holiday weekend, marking an increase from levels seen before the pandemic on July 1, 2019. Get the Full Story Complete the form to unlock this article and...

Economy
Muddled, Muted And Misplaced, ‘Revenge Shopping’ Trend Tries On A New Look For Summer
July 02, 2021

A few months ago, in the waning days of winter and at the outset of mass vaccination, economists and retail industry analysts were largely in agreement that a wave of pent-up post-pandemic demand was coming. Whether it was a “roaring ‘20s” rally or the dawn...

Economy
Tech Spending Set To Rise 7.4 Pct As Pandemic Ebbs
July 02, 2021

As the economy rises and the raging pandemic gets doused with vaccines, tech spending is set to grow. Forrester Research predicts that overall growth in U.S. tech budgets will be up by 7.4 percent this year and rise by 6.7 in 2022. Get the Full...

Economy
Nonfarm Job Growth Hits 850,000 In June, Beating Predictions
July 02, 2021

Total nonfarm payroll employment rose by 850,000 in June, far outstripping the revised 583,000 jobs created in May. The increase in jobs topped the predictions of analysts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...