Economy

Economy
Visa: Omicron’s Spending Impact Less Than Past Variants
February 10, 2022

COVID-19’s omicron variant had less of an impact on U.S. spending than previous stages of the outbreak. 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
Inflation Reaches 7.5%, Breaking 40-Year Record
February 10, 2022

Consumer prices rose 7.5% over the past year, the highest rate of inflation since 1982, according to figures released Thursday (Feb. 10) by the U.S. Bureau of Labor Statistics. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Employers Add 467K Jobs Despite Omicron’s Shadow
February 04, 2022

Economists and analysts preparing for a gloomy jobs report got a surprise when payroll employment rose by 467,000 in January, and the unemployment rate was largely the same at 4.0%, the U.S. Bureau of Labor Statistics reported on Friday (Feb. 4). Get the Full Story...

Economy
Earnings Season Commentary Signals Pullback in Lower-Income Consumers’ Spending
February 03, 2022

Consumer spending — in particular, spending by lower income consumers — may be running out of gas. 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
High UK Inflation May Outweigh Growing Card Use
January 24, 2022

Consumers in the U.K. were bullish on spending in the first two weeks of the new year, but rising inflation is expected to take a heavy toll on Britons’ finances, Bloomberg reported Monday (Jan. 24). Get the Full Story Complete the form to unlock this...

Economy
Main Street Merchant Index: Sales Rebound Expectations Vary With Age of Business
January 21, 2022

Businesses of all ages are struggling in different ways to stay afloat as the COVID-19 pandemic and its variants continue to rage across the U.S. and around the world, but that hasn’t stopped business owners — both new and old — from retaining their optimism...

Economy
82% of Consumers Who are Pessimistic About the Economy Cite Inflation
January 20, 2022

Consumers from different demographic groups are perceiving the economy in different ways, but their mood is generally negative, according to Reality Check: The Paycheck-To-Paycheck Report, a PYMNTS and LendingClub collaboration based on a survey of 2,366 U.S. consumers. Get the Full Story Complete the form...

Economy
Two-thirds of US Main Street Businesses are Bullish on 2022 Sales
January 19, 2022

Despite the damage, disappointment and disruption caused by the latest surge of COVID-19, Main Street business owners in the United States look forward to the year ahead and hold out hope that it will bring better luck. Get the Full Story Complete the form to...

Economy
Data From Decades Past Show That Restaurants Need Not Worry About Inflation
January 18, 2022

With rapid inflation, many consumers are growing acutely aware of rising costs. 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...