Economy

Economy
LinkedIn Cuts Staff and Shutters China-Focused Job Site
May 09, 2023

LinkedIn will shut down its Chinese jobs app and cut 716 positions amid slowing growth. 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
Popular ‘Life Hacks’ Help Gen Z Manage Growing Financial Stresses
May 08, 2023

Navigating the current economic turbulence is a key task for seemingly all consumers now, but members of Generation Z are doing so with their style. Perhaps more so than other generations, Gen Z consumers’ habits and preferences seem to strive for greater personal balance, and...

Economy
Affluent Consumers Temper Spending as Recession Concerns Mount
May 08, 2023

The latest data from the Federal Reserve released Monday (May 8) show that consumers think inflation’s here for the long term. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Consumers Feel Grocery Inflation Nearly 3X the Measured Rate
May 08, 2023

Even as grocery inflation has slowed, consumers continue to feel the impact of these price hikes far more than the measured rates, according to PYMNTS data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Loss of SNAP and Grocery Inflation Push Consumers Off ‘Hunger Cliff’
May 07, 2023

High inflation and reduced government aid have led to a spike in food bank demand. 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
Used Car Prices Drop as Consumers Pull Back on Spending
May 05, 2023

Used car prices dropped in April, marking the first month-over-month decline seen this year. 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
US Jobless Claims Rise Along With Labor Costs
May 04, 2023

U.S. unemployment claims climbed last week — as did the cost of labor — as productivity fell. 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
Pay Growth Slows As Workers ‘Come Off the Sidelines’
May 03, 2023

Private employers went on a hiring spree in April but were less quick to raise wages. 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
US Layoffs Reach Two-Year High in Push for Profitability
May 02, 2023

New figures from the Labor Department show U.S. layoffs reaching their highest level in more than 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...