Economy

Economy
ADP: Private Employers Created 102K Positions In June
July 03, 2019

While the pace of growth in the labor market was slower than had been expected by economists, U.S. job growth rebounded last month per ADP data. The payroll company noted that private employers added 102,000 jobs in June, TheStreet reported. Get the Full Story Complete...

Economy
Earnings Season, Where No News May Be Good News
July 02, 2019

In investing, information is king. And the markets, according to some observers, digest info quickly, and stock prices discount that information with haste. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Trade War Casualty: Chinese Tourism — And Businesses Serving Tourists
June 07, 2019

Trade wars are wars where injuries accrue cut by cut, tariff by tariff, slices taken off the top of GDP. But getting a bit granular, trade wars hit some business verticals (which of course make up GDP) harder than others. Get the Full Story Complete...

Economy
Jobs Number Shows Trade War Hitting Home?
June 07, 2019

The headline numbers are these: The latest jobs report shows that 75,000 jobs were created in the United States last month. A slew of economists, as noted by Bloomberg, expected a gain of 175,000 jobs. Get the Full Story Complete the form to unlock this article...

Economy
Retailers In Britain Say Sales Are The Worst In 10 Years
May 24, 2019

A survey of British retailers by the Confederation of British Industry (CBI) said retailers were witnessing the poorest sales performance this month in 10 years, according to a report by Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Millions Of Americans Have Nothing Saved For Retirement
May 24, 2019

The job market may be strong and wages may be increasing, but scores of workers in the U.S. have little in the way of savings for retirement. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
China Tariffs Could Cost Americans $831 A Year
May 23, 2019

The New York Federal Reserve Bank published research on Thursday (May 23) saying that increased U.S. tariffs on Chinese imports will cost the typical American household $831 a year, according to a report by Reuters. Get the Full Story Complete the form to unlock this...

Economy
Retail Sales Seesawing In 2019
May 15, 2019

Retail sales in the U.S. declined in April, according to the latest figures released by the Commerce Department. Retail sales were down 0.2 percent in April, following an unexpectedly large 1.7 percent jump in March (an upward revision of the 1.6 percent increase originally reported)....

Economy
Canada’s Insolvencies Jump In March To Highest Level In Eight Years
May 13, 2019

Consumers in Canada filed 11,963 insolvencies in March, up 5 percent from a year ago and the highest number in eight years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...