Economy

Economy
Grocery Shrinkflation Adds to Shopper Frustration
July 24, 2023

As food prices rise, many consumer-packaged goods (CPG) brands seem to be reducing the amount of product per package, and consumers are taking note. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
25 States Experience Near-Record-Low Unemployment
July 21, 2023

Unemployment dropped in 11 states in June compared to the previous month, while remaining stable in the other 39 states and the District of Columbia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
As Retail Sales Miss Expectations, Is a Summer Slowdown in Sight?
July 18, 2023

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Economy
Report: Hourly Wages Outpace Inflation for 1st Time Since 2021
July 17, 2023

For the first time since 2021, consumers’ wages are exceeding inflation. 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
Federal Reserve Bank of Chicago President Optimistic About Inflation Easing
July 14, 2023

The Federal Reserve Bank of Chicago President Austan Goolsbee expressed his optimism regarding the recent consumer-price data, which showed inflation easing. 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...

Economy
Fed’s Beige Book Sees Economic Headwinds and a Main Street Slowdown
July 12, 2023

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Economy
Circle Cuts Jobs and Reduces Investment in Non-Core Activities
July 12, 2023

Circle is making a “marginal” reduction in its workforce and decreasing or ending investments in “non-core activities.” 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
Grocery Prices Flatline While Restaurant Inflation Continues to Climb
July 12, 2023

As grocery inflation is finally leveling off, at least for the time being, restaurants continue to jack up menu prices, and these increases are sending consumers running to look for more budget-friendly food options. Get the Full Story Complete the form to unlock this article...

Economy
Will Inflation’s Cooling Pace Heat Up Consumer Spending as Summer Wanes?
July 12, 2023

The torrid pace of inflation is torrid no longer. At least judging by the data for June. 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...