The Bank for International Settlements (BIS) said Monday (March 16) that central banks should not react too quickly to the spike in global energy prices caused by the conflict with Iran, because the increase could be temporary, Reuters reported Monday. “If it’s a supply shock,...
Home builder sentiment inched up in March after one metric of mortgage rates dipped to its lowest level since August 2022, the National Association of Home Builders (NAHB) said Monday (March 16). The NAHB/Wells Fargo Housing Market Index (HMI) rose by one point to 38...
There was little change in job openings in January, as they increased by 396,000, rebounding from the five-year low recorded in December and reaching 6.9 million, according to Job Openings and Labor Turnover Survey (JOLTS) data published Friday (March 13) by the Bureau of Labor...
U.S. consumers are still spending, but their paychecks are having a hard time keeping up. The latest Bureau of Economic Analysis (BEA) data, released Friday (March 13), shows that income growth picked up in January and inflation remained relatively contained. Spending continues to outpace income...
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). The bill, which...
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. The new PYMNTS Consumer Expectations Index (PCEI) from PYMNTS Intelligence looks at how people are feeling about the economy....
Americans’ expectations about their ability to switch jobs is at an all-time low. That’s according to the latest edition of The Federal Reserve Bank of New York’s Center for Microeconomic Data Survey of Consumer Expectations, released Monday (March 9). The survey shows that the mean probability of...
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. The Employment Situation Summary released Friday (March 6) by the U.S....