Economy

Economy
Report: US Job Cuts Reach 14-Year High
March 09, 2023

Job cuts by U.S. businesses spiked in February, hitting their highest level since 2009. 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
Hospitality and Finance Sectors Lead February Job Growth
March 08, 2023

Private employers added 242,000 jobs in February, led by the hospitality and finance sectors. 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
JPMorgan CEO: China and Ukraine War Are Economy’s Biggest Threats
March 06, 2023

When it comes to the biggest economic threats, Jamie Dimon is looking beyond U.S. borders. 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
Hospitality Sector Becomes America’s Fastest-Growing Employer
March 05, 2023

At the outset of the COVID pandemic, America’s hospitality sector undertook a swath of layoffs. 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
High Earners’ Muted Spending Threatens Electronics and Autos, Boosts Big Box Merchants
March 03, 2023

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Economy
Food and Energy Inflation Data Hint at Disposable Income Pressure
February 24, 2023

Inflation is making paying for basics of everyday life — food especially — harder to swallow. 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
CFPB Says Collections Data Shows Strapped Consumers Grappling with Utility Bills
February 22, 2023

Keeping the lights and the cell phones on are proving a challenge for cash-strapped consumers. 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
VC Fundraising Dropped 65% Year-Over-Year in Q4
February 20, 2023

Venture capital (VC) firms are having a harder time raising funds. 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...

Economy
Bank of America CEO: Consumer Trends Bode Well for Economy 
February 14, 2023

Bank of America Chairman and CEO Brian Moynihan said Tuesday (Feb. 14) at the BofA Securities Financial Services Conference that the bank hears from commercial customers that they are trying to be careful, maintain margins, avoid a change in demand and be cautious in hiring....