Employment is 3.1% below pre-pandemic levels and, as such, more Canadians are struggling financially. Only 16.7% of overall respondents named this feature “extremely valuable,” and it isn’t well supported among the Canadian FIs. The ability to set spending limits for debit or credit cards helps users control their spending and budget more effectively.

More needs to be done to excise AI’s bias from algorithms deployed on billions of people, especially when it comes to rights to equality and non-discrimination in employment. Setting AI ethics standards, like the guidelines issued by the Department of Defense for contractors and UNESCO, makes them more enforceable across various industries.

Cardholders can navigate shifts in employment pay periods and unforeseen financial issues, or exercise financial planning—all within the app. Fewer missed payments makes for happier customers. Letting consumers pay for a credit card purchase in equal monthly installments at a lower interest rate gives them an easier way to pay off purchases.

In Census “Household Pulse Survey” polling from October–November 2020, 24.1 million Hispanic households reported having lost employment income during the pandemic. Some have held on to their jobs but also saw hours and pay reduced.

Latin America’s informal economy has provided a livelihood for families that have been excluded from finding employment in the formal sector. Amid the pandemic, more people began trying to earn extra income by selling items online—most notably on social media.

Cardholders can navigate shifts in employment pay periods and unforeseen financial issues, or exercise financial planning and organization skills—all within the app. Fewer missed payments makes for happier customers, and 27.3% of respondents ranked this feature—offered by seven cards—as “extremely valuable.”.

In an October 2020 poll, Edelman found that 97% of adults in Brazil wanted brands to address key social issues like poverty (58%), pandemic-driven employment challenges (52%), climate change/the environment (51%), and systemic racism, injustice, and discrimination (51%). January 2021 data from market research company Opinion Box revealed similar results.

Improved employment bumped up spending and—coupled with successful COVID-19 vaccine campaigns—likely increased consumers' risk appetite, which could’ve translated to higher card spending. In September, US retail sales excluding automotive and gasoline increased 5.4% YoY (+11.5% Yo2Y), per Mastercard SpendingPulse. What’s next?

Last year, 93% of US payers and 95% of US hospitals captured SDOH when interacting with patients, and there’s a diverse set of factors they collect data on—from employment status to food security to substance use.

This kind of insourcing, according to Jeremy Goldman, eMarketer principal analyst at Insider Intelligence, suggests that “even if agency employment recovers, it may not get to pre-pandemic levels.”. Recovery in the distant future will be uneven as agencies add and shed jobs rapidly to meet their needs.

Informal commerce: Latin America’s informal economy has provided a livelihood for families that have been excluded from finding employment in the formal sector. Amid the pandemic, more people began trying to earn extra income by selling items online—most notably on social media.

Is AI taking over the HR department?

Employment levels and hiring both cratered in March and April due to government lockdown measures. People also turned to more personal social media for connecting with friends and family and for health and safety information. There was a slight uptick in mobile app usage in May, likely driven by users looking to re-enter the workforce.

As a PhD economist who analyzes the issues of liability and damages in labor and employment litigation, John understands how to transform companies’ raw, messy data into meaningful analysis and reliable results that empower informed decision making. John also appreciates the power of harnessing data in running a high-performing organization.

That dovetails with the Census Bureau’s December polling, where Xers who reported loss of household employment income during the pandemic outnumbered those reporting no such loss, at 34.8 million versus 26.9 million. In the Harris polling from November, nearly half of 35-to-49s said they or someone in their household had lost income at least partially.