Economy

Economy
Business Services Posts Big Gains Amid Continuing Job Market Growth
July 08, 2022

The professional and business services sector posted the biggest gains last month, adding 74,000 jobs to the overall 372,000 in new openings, while the unemployment rate of 3.6% remained the same for the fourth month in a row, the U.S. Bureau of Labor Statistics reported on...

Economy
New Car Payments Exceed $1,000 for 12% of Buyers Amid Supply Chain Snarls
July 05, 2022

The average monthly payment for new luxury cars is up, with more than 12% of consumers financing a car with over $1,000 in monthly payments — a boost from 7.3% from June of last year, CNBC wrote Tuesday (July 5). Get the Full Story Complete...

Economy
Inflation Is the Unwanted Party Crasher This Fourth of July
July 04, 2022

Pass the mustard. 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 this form, you agree to receive marketing communications...

Economy
Crypto Downturn Hits Luxury Goods as Buyers Become More Cautious
July 03, 2022

The meltdown in cryptocurrency prices and the resulting depletion of perceived wealth have taken a toll on the sellers of some old-tech luxury items — particularly used watches from Rolex and Patek Phillipe, Bloomberg reported Friday (July 1). Get the Full Story Complete the form...

Economy
Auto Lenders Brace for Higher Interest Rates, Recession
June 30, 2022

As the Federal Reserve boosts interest rates to beat inflation, all sorts of debt becomes more expensive. Much of the everyday focus may be on credit cards and mortgages. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Economy
Inflation Concerns Drive Down Consumer Confidence Index
June 28, 2022

The Consumer Confidence Index hit its lowest level since February 2021, falling to 98.7, a report from the Confidence Board said Tuesday (June 28). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Economy
Durable Goods Report Shows Consumer Spending Holding Up Under Strain
June 27, 2022

Durable goods are proving … well, durable. 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 this form, you agree...

Economy
US Jobless Claims Remain Near Historic Low
June 23, 2022

Unemployment claims fell last week, remaining near their record low level, an indication of a tight American labor market even amid the threat of a recession. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Inflation Is Paycheck-to-Paycheck Economy’s Public Enemy
June 22, 2022

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