Economy

Economy
Job Openings Drop in July, Signaling Slowdown in Labor Market
September 04, 2024

The number of job openings in the United States declined to 7.67 million in July, down from 7.91 million in June and 8.81 million a year earlier. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
Construction Spending Dips 0.3% in July Amid High Mortgage Rates
September 03, 2024

Construction spending decreased by 0.3% in July after remaining unchanged in June. 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...

Economy
Trending: Most Consumers Think Twice Before Spending, Then Trade Down
September 02, 2024

Sept. 17 is looming as a critical date on the economic calendar. It’s the date the Federal Reserve meets to consider — and most analysts say to lower — interest rates. While that move is expected to potentially make borrowing money more attractive for business...

Economy
Inflation Cools, but Paycheck-to-Paycheck Consumers Still Feel the Heat
September 02, 2024

The reality is that inflation is cooling. 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...

Economy
Consumer Spending and Private Inventory Investment Lift GDP 3%
August 29, 2024

Consumer spending and private inventory investment are driving an increase in real gross domestic product (GDP), the Bureau of Economic Analysis (BEA) said Thursday (Aug. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Unemployment Data Suggests Gradual Cooling of Labor Market
August 29, 2024

The latest unemployment data reportedly points to a continued gradual cooling of the labor market. 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,...

Economy
BLS Implementing Backups to Ensure Data Released on Time
August 28, 2024

The Bureau of Labor Statistics (BLS) is changing how it announces data after an incident in which a data release was delayed but the information was shared with some external users who called or emailed to ask about it. Get the Full Story Complete the form...

Economy
Business Equipment Orders Fall Amid Election/Inflation Uncertainty
August 26, 2024

U.S. companies ordered less business equipment last month, new government data shows.  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...

Economy
Initial Unemployment Claims Rise, Boosting Expectations of Rate Cut
August 22, 2024

The number of initial claims for unemployment insurance increased by 4,000 during the week ended Saturday (Aug. 17), suggesting a cooling of the labor market and an upcoming cut in interest rates. Get the Full Story Complete the form to unlock this article and enjoy...