Economy

Economy
Insured Unemployment Number Reaches Highest Level Since 2021
June 27, 2024

The number of people receiving unemployment benefits reached its highest level in over two years. 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,...

Economy
Consumer Spending Revised Lower as Paycheck-to-Paycheck Households Struggle
June 27, 2024

The third estimate of how gross domestic product (GDP) fared in the first quarter showed — at least in the headline number — there was a slight boost from previous estimates. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Economy
Consumers Are Tired of Merchant Surcharges and Tipflation
June 26, 2024

Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and tipflation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Consumer Confidence Slips Amid Concerns About Future Income, Business Conditions
June 25, 2024

Consumer confidence slipped slightly in June but didn’t stray far from where it’s been for two years. 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...

Economy
2024 Tech Industry Layoffs Approach the 100K Mark
June 25, 2024

Last year was a rough one for the tech industry, which lost 260,000-plus jobs. 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...

Economy
IRS Finds Most ERC Claims Have Unacceptable Levels of Risk
June 20, 2024

The IRS plans to deny tens of thousands “improper high-risk” Employee Retention Credit (ERC) claims amounting to billions of dollars. 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
Consumers Send Mixed Messages on May Retail Spend
June 18, 2024

Retail sales for the month of May signal a consumer slowdown overall — and some mixed trends among discretionary categories. 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
Yellen: US Labor Market Has Become ‘More Normal’
June 13, 2024

America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. 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,...

Economy
Inflation Moderates; But Consumers Pay More on Rent and Dining Out
June 12, 2024

The headline number on inflation indicates a slight cooling of the pace of rising prices, at least in May. 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...