U.S. consumers are still spending, but their paychecks are having a hard time keeping up. 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,...
A bill introduced in the New York City Council would make the city’s minimum wage the highest in the country, though it would still be below what some consider to be a living wage, The Wall Street Journal reported Thursday (March 12). Get the Full...
The structure of work is shifting as digital platforms connect workers with opportunities in ways that resemble markets more than traditional employment. The Labor Economy is growing through systems that match supply and demand for work, even on an hourly basis, while also reshaping how...
How do Americans feel about the economy right now? That may depend on whether they remember the rise of disco and the fall of parachute pants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Americans’ expectations about their ability to switch jobs is at an all-time low. 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....
The latest labor market figures delivered an unexpected turn, with payrolls shrinking in February and the unemployment rate ticking higher, raising new questions about whether consumer confidence and spending power can maintain their steadiness. Get the Full Story Complete the form to unlock this article...
Companies in the S&P 500 consumer discretionary sector are lagging behind other sectors in earnings due tohigh costs and soft demand, Bloomberg reported Friday (March 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Wholesale used vehicle prices increased by 4% year over year in February, driven by warmer weather and larger-than-usual tax refunds, Cox Automotive reported Friday (March 6). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
The latest Federal Reserve Beige Book, released on Wednesday (March 4), describes a U.S. economy advancing at a restrained pace, a finding that corresponds with PYMNTS Intelligence data showing that millions of workers remain employed yet financially unsettled, while still opening their wallets to underpin...
