Economy

Economy
Consumers Could Find Economic Impact Of Interest Rate Cuts To Be Overrated
September 10, 2024

The only question surrounding rate cuts from the Federal Reserve boils down to not “when?” but … “how much?” 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...

Economy
Census Bureau: Household Income Climbed 4% in 2023
September 10, 2024

American household incomes increased 4% last year, the first significant increase since before the pandemic, according to the Census Bureau. 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
Fed Rate Cut Looms as Labor Market Sends Mixed Signals
September 09, 2024

Mixed signals on the health of the U.S. labor market persisted Monday (Sept. 9) as The Conference Board Employment Trends Index (ETI) showed reason for optimism after last week’s Bureau Of Labor Statistics report showed a disappointing jobs outlook. Get the Full Story Complete the...

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...