Even in the face of the fast inflation in three decades, American consumers don’t seem to be afraid 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....
The U.S. Commerce Department on Wednesday (Nov. 24) released a report showing a surprise drop in new orders for durable goods manufactured in the country in October, with the decline in new orders for transportation equipment seen as the primary culprit. Get the Full Story...
Consumer sentiment dipped to its lowest point in decades amid rising inflation and a decline in living standards, according to a Wednesday (Nov. 24) report from MarketWatch. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
U.S. jobless claims fell to their lowest level in 52 years, dropping to 199,000 for the week ending Nov. 20, the Labor Department announced Wednesday (Nov. 24). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The COVID-19 pandemic continues to impact U.S. consumers as the cost of nearly everything has increased dramatically over the last 12 months. In all, the annual inflation rate in the U.S. skyrocketed to 6.2% in October, according to the U.S. Bureau of Labor Statistics. That...
Hiring bounced back last month, with the Friday (Nov. 5) Employment Situation Report from the Bureau of Labor Statistics showing 531,000 new jobs added, beating the 450,000 forecasted by economists polled by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy...
U.S. hiring bounced back in October after a couple of lackluster months, with a run on new workers in the leisure and hospitality sector highlighting 571,000 new jobs for the month, according to payroll processing firm ADP Wednesday (Nov. 3). Get the Full Story Complete...
Inflation is continuing to weigh on consumers as higher prices inched September spending up by 0.6 percent and household incomes dropped 1% as stimulus funds and enhanced unemployment ended, the Bureau of Economic Analysis reported on Friday (Oct. 29). Get the Full Story Complete the...
Twitter and Square CEO Jack Dorsey tweeted a warning Friday (Oct. 22) about the coming of hyperinflation in the U.S. and the rest of the world, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
