American workers are seeing widespread slowing in wages, though some are suffering more than others. Wage growth for the lowest-paid quarter of workers — people who make roughly less than $806 each week — slowed to an annual rate of 3.7% in June, the Financial...
Businesses are reportedly still facing uncertainty around U.S. trade policy, even after the Thursday (July 31) announcement of higher tariffs by President Donald Trump. The announcement lacked detail and left undecided some issues around key sectors, talks with China and the legal status of the new duties, Andrew...
The mood of consumers improved for a second consecutive month in July, though it remains worse than it was in December, according to the latest installment of the University of Michigan’s Surveys of Consumers, released Friday (Aug. 1). The rise in July from June was...
Platforms like eBay and Etsy will reportedly be impacted by the global suspension of the “de minimis” exemption that allowed packages valued at less than $800 to enter the U.S. without paying tariffs. The suspension was announced Wednesday (July 30), and the platforms have spoken out against...
Both incomes and consumer spending increased in June, according to estimates released Thursday (July 31) by the Bureau of Economic Analysis (BEA). Personal incomes increased 0.3% at a monthly rate in June, partially offsetting the 0.4% decrease seen in May, the BEA said in a...
How are the world’s consumer brands dealing with ongoing U.S. tariffs? As Reuters noted in a report Thursday (July 31), it depends on which company you ask. Of the 300 companies monitored by the news organization’s tariffs tracker, at least 92 have raised prices, with consumer companies...
A drop in imports and a pickup in consumer spending led real gross domestic product (GDP) to return to growth in the second quarter, according to the Bureau of Economic Analysis (BEA) advance estimate for the second quarter released Wednesday (July 30). Real GDP grew...
Consumer confidence reflected a cautiously improving outlook in July, according to The Conference Board. While there was some weakness in the labor market, consumers are starting to feel incrementally better about what lies ahead, according to a Tuesday (July 29) press release. The Conference Board...
The U.S. labor market maintained stability in June, though signals of cooling are emerging amid shifting sectoral dynamics. The latest Jobs Openings and Labor Turnover Survey (JOLTS) reported job openings at 7.4 million for June, a decrease of about 275,000 from May and steady year-over-year....