Economy

Economy
McDonald’s Wants to Promote Value by Implementing $5 Meal Deal
May 10, 2024

McDonald’s is reportedly encouraging franchisees to vote to implement a $5 meal deal to bring back consumers who have left because of high prices. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Labor Department Reports Year’s Biggest Increase in Initial Jobless Claims
May 09, 2024

The number of initial claims for unemployment insurance leapt by 22,000 during the week ended Saturday (May 4). 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
Tesla Cutting Jobs Across Departments as Part of Restructuring
May 06, 2024

Tesla has reportedly laid off employees across several departments over the last three weeks. 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....

Economy
Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
May 02, 2024

This week, the Federal Reserve announced it will keep its benchmark interest rate in the same 5.25%–5.50% holding pattern that it has occupied since last July.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Initial Claims for Unemployment Unchanged, Signaling ‘Fairly Tight’ Labor Market
May 02, 2024

The number of initial claims for unemployment insurance held steady during the week ending on Saturday (April 27). 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...

Economy
Fast-Food Slowdown May Mean Steeper Promotions
May 02, 2024

It’s been a season of slowing sales for quick-service restaurants (QSRs). 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
US Construction Spending Sees Unexpected Drop in March
May 01, 2024

Construction spending in the U.S. declined unexpectedly in March after being unchanged in February. 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
Information Sector Loses 4,000 Jobs While Overall Employment Grows
May 01, 2024

Nine out of 10 industry sectors monitored by ADP posted job gains 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
U.S. Labor Costs Grow as Workers’ Wages Climb
April 30, 2024

American labor costs rose more than anticipated last quarter, new government data shows. 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....