Recession

Report: January Job Cuts Were Highest Since 2020
Report: January Job Cuts Were Highest Since 2020
February 02, 2023  |  Personnel

The wave of layoffs announced by employers last month was the highest since 2020. U.S. based companies cut 102,943 jobs in January, a 136% increase...

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The Conference Board: Consumers’ Short-Term Outlook May Signal Coming Recession 
The Conference Board: Consumers’ Short-Term Outlook May Signal Coming Recession 
January 31, 2023  |  Economy

Consumer confidence dipped in January after rising in December, according to The Conference Board. The not-for-profit think tank said in a Tuesday (Jan. 31) press...

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Report: Global Smartphone Sales See Largest Drop Ever
Report: Global Smartphone Sales See Largest Drop Ever
January 29, 2023  |  Consumer Insights

Smartphone sales fell worldwide last year as consumers grew more cautious in their spending. That’s according to a recent report by market research firm IDC, which...

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Report: Discount Retailers See New Wave of Cost-Conscious Shoppers
Report: Discount Retailers See New Wave of Cost-Conscious Shoppers
January 15, 2023  |  Economy

Discount retailers are set to see high traffic this year as consumers worry about rising costs. That’s according to a new report from foot traffic-tracking...

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Recession Number One Fear Among CEOs
Recession Number One Fear Among CEOs
January 15, 2023  |  Economy

CEOs are worried about a recession and expect 2023 to offer little economic growth. That’s according to a recent survey by the Conference Board, which...

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Hectic Earnings Week Could Bring Harbingers of Recession
Hectic Earnings Week Could Bring Harbingers of Recession
January 15, 2023  |  Economy

With more than 250 companies set to report earnings this week, analysts and economists are on high alert for anything that signals a recession. This,...

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Main Street Small Business Faces Fresh Tests as Recession Looms 
Main Street Small Business Faces Fresh Tests as Recession Looms 
December 23, 2022  |  Economy

Main Street SMBs can take a breather, having shown resilience during a year threatened by recession. The holiday season is winding down; the major gift-giving...

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Small Businesses Divided on How to Handle Recession
Small Businesses Divided on How to Handle Recession
December 22, 2022  |  SMBs

Main Street small businesses have been preparing for this inflationary cycle to turn to recession. Yet, additional pressure from labor costs and online competition have...

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Main St. Small Business Sees Inflation ‘Hands Down’ as Biggest Challenge
Main St. Small Business Sees Inflation ‘Hands Down’ as Biggest Challenge
December 13, 2022  |  SMBs

Recent PYMNTS’ research found that inflation was 2022’s biggest challenge for small- to medium-sized businesses (SMBs). Main Street SMBs make up much of the U.S....

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