Economy

Economy
Job Creation Slows Amid Big Cuts in Manufacturing
June 05, 2024

Job creation in the U.S. is demonstrating signs of slowing as wages remain flat. 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
Record Investment Income Fuels Continued Consumer Spending
June 05, 2024

Rising investment income, high household wealth and strong employment rates are keeping Americans spending. 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
Job Openings Slip 4.8% in April, Signaling Cooler Labor Market
June 04, 2024

The number of job openings in the United States declined by 4.8% in April. 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
Consumers Are Fed Up With Tipping and Take to Social Media to Prove It
June 03, 2024

Social media offers a running commentary on consumer sentiment and serves as a barometer of backlash. 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
Will April’s Dip in Food Prices Give Paycheck-to-Paycheck Consumers a Break?
May 31, 2024

Inflation’s heady pace may have slowed a bit, but one wonders if a slight decline in food prices will be enough to make the paycheck-to-paycheck consumer feel more financially comfortable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Bank of America CEO: Consumers, Businesses Pulling Back on Spending
May 30, 2024

Brian Moynihan, CEO of Bank of America, said higher inflation and interest rates have dampened consumer and business spending 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...

Economy
Revised GDP Data Show Consumer Spending May Be Losing Momentum
May 30, 2024

Economic data frequently comes in stages: There’s the initial estimate, and then a revision. 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
Federal Reserve Reports ‘Slight or Modest Growth’ in Economic Activity
May 29, 2024

Economic activity in the United States expanded from early April to mid-May, though it varied in different industries and Federal Reserve districts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Memorial Day Kicks Off Summer of the US Consumer
May 27, 2024

In 1967, it was the Summer of Love. In 2020, it was the summer of COVID-19. When summer 2024 goes in the books — from an economic perspective anyway — it just might be remembered as the summer of the U.S. consumer. Get the Full...