Economy

Economy
Labor Market Slows, Dimming Hopes of Workers Looking to Change Jobs
September 06, 2024

On the face of it, the jobs report released Friday (Sep. 6) had some good news — at least for those looking for confirmation that the Federal Reserve will cut rates this month. Get the Full Story Complete the form to unlock this article and...

Economy
ADP: Private Sector Job Creation Slows for Fifth Consecutive Month
September 05, 2024

The labor market continued to cool in August, with job creation among private employers slowing for the fifth consecutive month and wage growth remaining flat. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
More Federal Reserve Districts Report Flat or Declining Economic Activity
September 04, 2024

The number of Federal Reserve districts reporting flat or declining economic activity rose from five in July to nine in August. 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
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,...