Economy

Economy
US Wage Growth Slows Slightly, Remains Historically High
March 06, 2022

The wage growth in the U.S. slowed a little in February — though it was still at “historically high” levels, The Wall Street Journal reported Friday (March 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Markets
S&P Dow Jones Strips Russian Stocks From Indexes
March 06, 2022

S&P Dow Jones Indices announced Friday (March 4) that it will remove stocks listed or domiciled in Russia from its benchmarks because of the country’s invasion of Ukraine. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Labor and Wage Stats Serve as Inflationary Warning Signs for Main Street SMBs 
March 04, 2022

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, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Economy
February Job Growth Beats Forecasts
March 04, 2022

The U.S. economy added 678,000 jobs in February and the unemployment rate edged down to 3.8%, according to a U.S. Bureau of Labor Statistics Employment Situation report on Friday (March 4). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Hybrid Work Model Points to Uneven Recovery for Metro Downtowns 
March 04, 2022

In the darkest days of the pandemic, all of us shifted to sheltering in place, and especially to working from home, fleeing to the countryside if and when we could, the demise of the big city downtown seemed set in stone. Get the Full Story...

Economy
64% of Consumers Lived Paycheck to Paycheck in January, up From 61% a Month Earlier
March 03, 2022

LendingClub financial health officer Anuj Nayar told PYMNTS: “I hate to say this, but the 61% number that we reported as the percentage of consumers living paycheck to paycheck — well, I think that is going to increase, and the savings cushion is going to...

Markets
Stock Market Making Bets on Commerce’s Omnichannel Future 
February 18, 2022

Thus far into 2022, the stock market seems to be weighing in, heavily, on the great digital shift. 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...

Economy
Jobless Claims in 3 States Help Drive Up Unemployment
February 17, 2022

State unemployment applications increased for the first time in a month, primarily in a few midwestern states, the U.S. Department of Labor said Thursday (Feb. 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
BofA CEO: Americans Spending, Saving More
February 16, 2022

American consumers are spending more money, but also saving more, the CEO of Bank of America said Wednesday (Feb. 16). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....