Economy

Economy
US Economy Adds 431K Jobs in March Amid Falling Unemployment Rate
April 01, 2022

The U.S. economy picked up 431,000 new jobs in March as the unemployment rate dropped to a pandemic low of 3.6% from 3.8% last month, marking one of the fastest economic rebounds in decades, according to data released Friday (April 1) from the U.S. Bureau...

Economy
Dual Punches of Inflation, Russian Attack Trigger Consumer Spending Slowdown
March 31, 2022

With the dual punches of runaway inflation and the ongoing Russian attack on Ukraine, consumer spending in February went up at a slower pace of 0.2%, down from a revised 2.7% increase in January, according to the Thursday (March 31) report from the U.S. Commerce...

Economy
Rising Food Costs Create Anxiety, Change Menus
March 29, 2022

Around the world, rising food prices are forcing cooks, home and professional alike, to reconsider how they prepare their foods. 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
US Jobless Claims Dip to Lowest Level in 53 Years
March 24, 2022

In a sign that the economy is gaining momentum, applications for unemployment insurance fell last week to the lowest since 1969, the U.S. Department of Labor (DOL) reported Thursday (March 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Workers Facing ‘Lunchflation’ As They Return to Their Offices
March 23, 2022

Square on Wednesday (March 23) released data that shows workers who are returning to their offices after two years at home because of the COVID-19 pandemic will be faced with what’s being called “lunch-flation,” as their midday meals will cost more than when they last...

Economy
Visa CEO Predicts Long Ukraine War at Bloomberg Summit
March 22, 2022

Numerous issues are being hashed out at the Bloomberg Equality Summit to look into how the economy is developing, including the potential that the war in Ukraine may last for quite some time, Bloomberg reported Tuesday (March 22). Get the Full Story Complete the form...

Economy
Will Consumers’ Response to Inflation Be as Accurate as Their Outlook on COVID?
March 19, 2022

Back in March of 2020, it was all about “the new normal,” and then trying to get to “the next normal.”   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
Main Street Businesses Optimistic About 2022 … for Now
March 18, 2022

When we surveyed businesses two years ago about their financial health, a considerable number of them said they didn’t expect to survive. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Savings Won’t Be Enough to Prop up Retail Spend in Paycheck-to-Paycheck Economy
March 17, 2022

The urge to splurge is receding. 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 to...