Economy

Nearly 12% of Americans See Incomes Decrease as Business Slows
Economy
Nearly 12% of Americans See Incomes Decrease as Business Slows
October 04, 2023

More and more Americans are seeing income levels drop, a new labor market survey shows. 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,...

Professional and Business Services Sector Leads Job Openings Surge
Economy
Professional and Business Services Sector Leads Job Openings Surge
October 03, 2023

The number of job openings in the United States leaped 5.8% during August, reaching 9.6 million at the end of the month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Consumers Splurge on ‘Once in a Lifetime’ Expenses Despite Inflation
Economy
Consumers Splurge on ‘Once in a Lifetime’ Expenses Despite Inflation
October 02, 2023

Household spending is up despite several factors that should be keeping it down. 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....

Car Sales Climb as Drivers Finally Retire Older Vehicles
Economy
Car Sales Climb as Drivers Finally Retire Older Vehicles
October 02, 2023

American consumers may not want new cars, but they apparently need them. 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...

California Fast-Food Workers to Receive $20 an Hour Minimum Wage
Economy
California Fast-Food Workers to Receive $20 an Hour Minimum Wage
September 29, 2023

California Governor Gavin Newsom has signed a new bill into law that raises the minimum wage for fast-food workers in the state to $20 an hour. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Inflation Slows but Still Outpaces Disposable Income Headed Into Holiday Shopping Season
Economy
Inflation Slows but Still Outpaces Disposable Income Headed Into Holiday Shopping Season
September 29, 2023

Inflation is slowing, according to the latest official data. 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 this form,...

Grocery Shoppers Not Only Trade Down but Now Cut Back
Economy
Grocery Shoppers Not Only Trade Down but Now Cut Back
September 28, 2023

As consumers’ economic challenges persist even with grocery inflation declining, brands and merchants alike are seeing consumers pull back on food and beverage purchasing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

CarMax Reports Shoppers ‘Staying on Sidelines’ Amid High Interest Rates
Economy
CarMax Reports Shoppers ‘Staying on Sidelines’ Amid High Interest Rates
September 28, 2023

Some would-be car buyers are putting off purchases due to higher interest rates, according to used auto retailer CarMax. 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...

Bank of America CEO Brian Moynihan Expects Soft Landing for Economy
Economy
Bank of America CEO Brian Moynihan Expects Soft Landing for Economy
September 27, 2023

Bank of America Chairman and CEO Brian Moynihan reportedly said he believes that the economy is heading toward a soft landing, avoiding a recession.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...