The labor market added jobs at a moderate pace in April, but the latest employment data also underscored a reality that has increasingly defined the economy in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Consumers are more pessimistic and more uncertain about the rate of inflation over the next year than they were a month ago, according to data released Thursday (May 7) by the Federal Reserve Bank of New York. Get the Full Story Complete the form to...
The number of hires increased to 5.6 million in March, a figure that was 655,000 higher than the previous month, the Bureau of Labor Statistics (BLS) said in a Job Openings and Labor Turnover Summary (JOLTS) report released Tuesday (May 5). Get the Full Story...
Wage growth is easing across the private sector, and the latest Employment Cost Index makes clear the deceleration is no longer a blip. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
The wallets are open, but the runway is getting shorter. Consumer spending in March continued to outpace income growth, with rising energy costs and everyday necessities absorbing a larger share of household income and leaving Americans with less financial flexibility than a year ago. Get...
The Conference Board’s Leading Economic Index (LEI) declined by 0.6% in March amid higher oil prices and stressed supply chains. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
JPMorgan Chase’s CEO is reportedly warning of the possibility of a worse-than-anticipated credit market downturn. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
Retail spending surprised analysts with an upswing in March, but the headline strength came with a familiar caveat: higher prices at the pump did much of the heavy lifting, even as underlying demand held together. Online sales continued to show momentum, as well. Get the...
The increases in corporate borrowing reported by U.S. banks last week suggest parts of the economy are remaining resilient amid current pressures, Reuters reported Monday (April 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
