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Leading U.S. Credit Card Issuers Cut Limits by $99 Billion in 2020

As the COVID-19 pandemic began to tighten its grip on the United States, leading to closures and lockdowns across the country, many feared for the economic worst. Indeed, the following weeks brought massive job losses and stock market volatility. Now, figures show that as this economic uncertainty was spreading, creditors...

IRS Opens "Get My Payment" Tool for 2021 Economic Impact Checks

With another round of Economic Impact Payments now going out to many Americans, the Internal Revenue Service (IRS) has updated its Get My Payment tool. According to the IRS, payments authorized by the American Rescue Plan Act began reaching individuals as early as March 12th, with an official payment date...

U.S. Economy Gains 379,000 Jobs in February

The short month of February saw thousands of jobs return to the United States. According to the latest Bureau of Labor Statistics data (as reported by Axios), the U.S. regained 379,000 jobs last month. That result well outpaced the 210,000 jobs that economists had expected to see. Furthermore, it was...

U.S. Economy Lost 140,000 Jobs in December 2020

There's no question that 2020 will go down as one of the most challenging years in recent memory for many Americans. Yet, after major job losses in the spring of last year, employment began to rebound as businesses were allowed to reopen. Unfortunately, following months of slowing growth, job figures...

Tourism Falls to Lowest Level in 30 Years

It's no secret that one of the industries hit hardest by the COVID-19 pandemic has been the travel sector. From airlines and hotels to attractions and tourist-dependent cities, health concerns and government-mandated restrictions have dried up demand. In fact, new figures show that international travel fell to a 30-year low...

Active Home Listings Reach Record Low as 2020 Nears an End

Just as the United States economy proved to be a bit of a roller coaster in 2020, the housing market saw similar shakeups and interesting trends. Now, with the year coming to a close, we can see just how wild things were. Additionally, even as cold weather takes over, the...

United States Regains 245,000 Jobs in November

Continuing a trend that began as many areas of the country started reopening this summer, the United States once again added back jobs in November. Unfortunately, the pace of recovery has also slowed significantly. According to the latest Department of Labor Statistics report, the economy gained 245,000 jobs during the...

Online Shopping Reaches Record on Black Friday 2020

With the holiday shopping season now officially underway, consumers are apparently taking their shopping online in record numbers. Preliminary figures from Adobe Analytics (as reported by TechCrunch) show online sales on Black Friday growing 21.6% year over year to top $9 billion. Although that's on the lower end of Adobe's...