Economy

Economy
Macy’s and Dollar General Results Show Inflation’s Bite Is Far-Reaching
June 01, 2023

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Economy
Layoffs Rise 20% in May Led by Technology and Retail
June 01, 2023

There were 80,089 job cuts announced by United States-based employers in May, with the technology sector being hardest hit. 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
Recovery of Consumer Spending in China Slowed by New Regulations
May 29, 2023

Consumer spending in China may be slow to climb back to where it was before COVID. 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...

Economy
UK Seeks Cap on Food Prices as Consumers Struggle
May 28, 2023

The British government wants supermarkets to cap food prices amid rampant inflation. 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
Putting Memorial Day BBQ on the Table May Put a Dent in Household Budgets
May 26, 2023

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Economy
Study Finds Spending Outpaces Income Growth — but for How Long?
May 26, 2023

The latest stats from the government show that consumers continue to spend. 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
Scarce Housing Inventory Adds to Millennials Already Low Homeownership Expectations
May 26, 2023

Lately, it seems that just when things started to look more promising for those seeking to purchase a home, a new set of discouraging numbers gets released. The latest round comes from Realtor.com’s Monthly Housing Market Trends report for April, estimating  that housing inventory in the...

Economy
Report: Richmond Fed President Says US Sees ‘Demand Slowdown’
May 25, 2023

Federal Reserve Bank of Richmond President Tom Barkin reportedly said there is a “demand slowdown.” 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
Fed’s Economic Well-Being Report Understates Struggles of Paycheck-to-Paycheck Consumers
May 22, 2023

The Federal Reserve Board’s latest report on the pressures faced by U.S. households paints a picture where a record number of consumers say they are worse off than they were a year ago. Get the Full Story Complete the form to unlock this article and...