Inflation in the U.S. is at a 39-year high, with the consumer price index (CPI) up 6.8% in November over the previous month in 2020, as consumer demand remains high for goods amid continuing supply chain snarls. Get the Full Story Complete the form to...
Initial unemployment filings fell to 184,000 in the week ended Dec. 4, a decrease of 43,000 from the prior week’s upwardly revised level. This is the lowest level for new jobless claims since Sept. 6, 1969, when it was 182,000, according to the weekly report...
Nineteen months into the COVID era, and the nation’s economic recovery continues to produce a mixed set of record results that are as complex as they are conflicting. With terms such as exceptional, resilient, inconsistent and insecure sharing the same space within PYMNTS’ latest Main...
With the arrival of the Omicron variant of COVID-19, growth prospects around the world could be in jeopardy, according to updates from rating agencies Fitch Ratings and Moody’s Investors Service on Monday (Nov. 29). Get the Full Story Complete the form to unlock this article...
Inflation and a rise in new COVID-19 cases has led to a drop in consumer confidence in the European Union, the European Commission reported Monday (Nov. 29). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Even in the face of the fast inflation in three decades, American consumers don’t seem to be afraid to spend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
The U.S. Commerce Department on Wednesday (Nov. 24) released a report showing a surprise drop in new orders for durable goods manufactured in the country in October, with the decline in new orders for transportation equipment seen as the primary culprit. Get the Full Story...
Consumer sentiment dipped to its lowest point in decades amid rising inflation and a decline in living standards, according to a Wednesday (Nov. 24) report from MarketWatch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
U.S. jobless claims fell to their lowest level in 52 years, dropping to 199,000 for the week ending Nov. 20, the Labor Department announced Wednesday (Nov. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
