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Debt Collectors Are Thriving This Year – And Now They’re Filing Even More Suits

Collection Industry News

Earlier this year, the pandemic swept across the country, killing 100,000 Americans by the spring, shuttering businesses and schools, and forcing people into their homes. All this created “a perfect storm from a cash perspective,” the CEO of Portfolio Recovery Associates, Encore’s main competitor, told Wall Street analysts.

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U.S. Added 223,000 Jobs in December, a Slight Easing in Pace

Collection Industry News

economy produced jobs at a slower but still comfortable rate at the end of 2022, as higher interest rates and changing consumer habits downshifted the labor market without bringing it to a halt. economy is slipping into recession, nobody told the labor market,” said Chris Varvares, co-head of U.S. If the U.S. If the U.S.

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US employers add 528,000 jobs; unemployment falls to 3.5% despite fears of a recession

Collection Industry News

WASHINGTON (AP) — America’s employers added a stunning 528,000 jobs last month despite raging inflation and anxiety about a possible recession, restoring all of the positions lost in the coronavirus recession. The red-hot jobs numbers from the Labor Department on Friday arrive amid a growing consensus that the economy is losing momentum.