Economy

Economy
Shift to Gig Economy Evident as Labor Market Cools With Muted Wage Gains
March 07, 2025

Even before the pandemic, PYMNTS noted that 32% of workers participated in the gig economy in some way, either to supplement their incomes, or to cobble together revenue streams that represented their primary ways of paying their way through life. Get the Full Story Complete...

Economy
Government, Retail and Technology Sectors Cut the Most Jobs in February
March 06, 2025

Job cuts in the government, retail and technology sectors led to February having the highest monthly total of job cuts since July 2020, Challenger, Gray & Christmas said Thursday (March 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Fed Beige Book Data Highlights Pressure on Consumer Spending
March 05, 2025

The word “uncertainty” appears in the Federal Reserve’s latest Beige Book 34 times. 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....

Economy
Canada Won’t Lift Tariffs Until Trump Does the Same
March 05, 2025

Canada reportedly won’t lift its retaliatory tariffs on the U.S. if the U.S. leaves its levies in place. 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
ADP: Job Growth Slows Amid Concerns About Uncertain Economic Outlook
March 05, 2025

Private sector job growth slowed in February amid employers’ concerns about an uncertain economic outlook, ADP said Wednesday (March 5). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Jobless Claims Rise Amid Corporate Layoffs
February 27, 2025

Jobless claims rose more than expected last week, with analysts attributing the rise to layoffs by some major corporations and to snowstorms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Trade and Tariffs Worries Drive Decline in Consumer Confidence
February 25, 2025

Worries about trade and tariffs led to the biggest monthly decline in consumer confidence since August 2021, The Conference Board said Tuesday (Feb. 25). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Consumer Sentiment Drops 9.8% Amid Fears of ‘Tariff-Induced Price Increases’
February 21, 2025

Concerns that tariffs will lead to higher prices drove a 9.8% decline in consumer sentiment in February, according to the University of Michigan’s Surveys of Consumers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Jobless Claims Decline by 7,000 as Labor Market Remains Stable
February 13, 2025

Jobless claims dropped last week, with analysts saying the numbers show a stable labor market with a historically low number of layoffs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...