January 11, 2024
Online Sales Led Increased Revenue Expectations for Main Street SMBs...
With prices at high levels most of the year and with the overall economy recording moderate growth, 2023 was a challenging year for businesses, especially for the most vulnerable small...
January 04, 2024
Initial Claims for Unemployment Drop by 18,000
The number of initial claims for unemployment insurance dropped to 202,000 during the week ended Saturday (Dec. 30). That total was 18,000 less than the previous week’s revised level of...
December 28, 2023
Jobless Claims Creep up for Second Consecutive Week
Unemployment claims keep climbing, although some economists are still reportedly confident in the labor market. Figures released Thursday (Dec. 28) by the U.S. Department of Labor showed that jobless claims...
December 21, 2023
Weekly Jobless Claims Rise Less Than Economists Expected
The number of initial claims for unemployment insurance rose by 2,000 during the week ended Dec. 16. There were 205,000 initial claims filed that week, up from the revised level...
December 19, 2023
CFPB: US Bank Illegally Blocked Workers From Unemployment Benefits
America’s consumer watchdog said U.S. Bank wrongly kept workers from unemployment benefits during the pandemic. As such, the Consumer Financial Protection Bureau ordered the bank to pay nearly $21 million,...
December 15, 2023
Why (European) Antitrust Law Should Not Treat Labor Markets Differently
The U.S.-lead debate on strengthening the application of antitrust law in labor markets is arriving also in Europe. We argue why notably in the European context, there is little scope...
December 08, 2023
Gen Z Alone in Reporting Improved Finances This Year
The unemployment rate is at pre-pandemic levels and inflation has dropped from 9.1% in July 2022 to 3.2% in October 2023, according to the Bureau of Labor Statistics. Yet 38%...
November 22, 2023
Unemployment Claims Fall Even as Labor Market Cools
Initial U.S. unemployment claims last week saw the largest drop since June. That’s according to figures released Wednesday (Nov. 22) by the Labor Department, showing initial claims for the week ending Nov. 18...
November 19, 2023
Credit Quality Declines as Card Companies Tighten Standards
Last month’s credit card data indicates an ongoing deterioration of credit quality. That’s according to a report Sunday (Nov. 19) by Seeking Alpha, which says a survey of last month’s...
With 96% of corporates that offer earned wage access saying it helps attract new talent, and 75% of millennials saying that it would influence their acceptance of a job offer, it’s obvious why almost two-thirds of employers see earned wage access as a low-cost tool for employee recruitment and retention. PYMNTS examines the trend in the latest issue of the “Money Mobility Tracker®,” a collaboration with Ingo Money.