Economy

Why Improved Consumer Sentiment May Not Translate Into Increased Spending
Economy
Why Improved Consumer Sentiment May Not Translate Into Increased Spending
February 05, 2024

The more sanguine consumers feel about the state of the world — particularly about the state of inflation — the more apt they are to spend. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Consumer Sentiment Improves 13% to Reach Highest Level Since July 2021
Economy
Consumer Sentiment Improves 13% to Reach Highest Level Since July 2021
February 02, 2024

Consumer sentiment has reached its highest level since July 2021, with consumers expecting improvements in both inflation and personal incomes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Zoom Cuts 2% of Workforce, Continues Hiring for Some Roles
Economy
Zoom Cuts 2% of Workforce, Continues Hiring for Some Roles
February 01, 2024

Zoom Video Communications cut about 150 jobs, or less than 2% of its workforce, this week. 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...

Construction Spending Rises 13.9% YoY in December
Economy
Construction Spending Rises 13.9% YoY in December
February 01, 2024

Construction spending increased in December, with both the private and public sectors making gains. 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...

Financial Sector Job Cuts in January Highest Since September 2018
Economy
Financial Sector Job Cuts in January Highest Since September 2018
February 01, 2024

Financial companies cut more jobs in January than in any month since September 2018. 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...

Private Sector Hiring and Pay Increases Slow in January
Economy
Private Sector Hiring and Pay Increases Slow in January
January 31, 2024

Hiring and pay increases in the private sector slowed in January. 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...

US Job Openings Flat as Fewer Workers Quit
Economy
US Job Openings Flat as Fewer Workers Quit
January 30, 2024

If you’re hesitating about leaving your job, you aren’t alone these days. 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...

Headline Inflation Cools, But Food Prices Still Climbed in December
Economy
Headline Inflation Cools, But Food Prices Still Climbed in December
January 26, 2024

Taken as a whole, the Commerce Department’s latest reading on inflation shows a dip below a key psychological level.  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...

GDP Increased 3.1% in 2023 as Consumers Kept Spending
Economy
GDP Increased 3.1% in 2023 as Consumers Kept Spending
January 25, 2024

America’s economy grew 3.1% in 2023 amid continued consumer spending on vehicles and electronics. 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...