Economy

Economy
U. Mich. Consumer Index Slips Amid Unexpected Frustration Over High Prices
October 11, 2024

Consumer sentiment inched down in early October amid continued frustration over the prices of goods and services. 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...

Economy
Flat Wholesale Price Reading Will Influence Rate Cut Expectations
October 11, 2024

The Producer Price Index (PPI) was unchanged in September after rising 0.2% in August. 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
Latest CPI Data Finds Consumers Literally Spend More Bread to Buy Bread
October 10, 2024

In economics, there’s often a bifurcation when it comes to data — the difference between what the headlines tell us and what the wallet feels. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Economy
Jobless Claims Rise Amid Hurricanes, Automaker Layoffs and Boeing Strike
October 10, 2024

The effects of Hurricane Helene, cutbacks in the auto industry and furloughs related to a strike at Boeing drove U.S. jobless claims to their highest total in a year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Economy
Mixed Economic Signals: Strong Jobs Report, but Declining Confidence
October 07, 2024

Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1%...

Economy
Food Services and Healthcare Job Gains Ease Employment Concerns for Low-Income Consumers
October 04, 2024

The United States economy added 254,000 jobs in September, exceeding economists’ expectations and potentially mitigating some recent concerns about job prospects among the paycheck-to-paycheck consumer segment.    Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
US Private Sector Hiring Rebounds After 5-Month Slowdown
October 02, 2024

America’s private sector added 143,000 jobs in September, rebounding following a five-month slowdown. 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
Labor Market Uneven in August: Job Openings up, but Services Hit Hard
October 01, 2024

In the U.S. economy, the jobs market has been volatile to say the least. 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
Retailers Face an Uncertain Holiday Season as Consumer Spending Slows
September 27, 2024

Consumers pulled back a bit on their spending increases in August, notching the slowest growth since the beginning of the year. The latest data from the Bureau of Economic Analysis hints that that as job growth remains pressured — and perhaps as “early” back-to-school and...