Economy

Economy
2024 Tech Industry Layoffs Approach the 100K Mark
June 25, 2024

Last year was a rough one for the tech industry, which lost 260,000-plus jobs. 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
Consumers Send Mixed Messages on May Retail Spend
June 18, 2024

Retail sales for the month of May signal a consumer slowdown overall — and some mixed trends among discretionary categories. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Economy
Yellen: US Labor Market Has Become ‘More Normal’
June 13, 2024

America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. 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,...

Economy
Inflation Moderates; But Consumers Pay More on Rent and Dining Out
June 12, 2024

The headline number on inflation indicates a slight cooling of the pace of rising prices, at least in May. 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
Bank of America Executive Says Consumers Still Spending Pandemic-Era Savings
June 11, 2024

Consumer spending is still being driven by savings that built up during the pandemic, Bank of America President of Regional Banking Dean Athanasia said Tuesday (June 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Economy
World Bank: Global Growth Still Lower Than Pre-COVID
June 11, 2024

A new report from the World Bank has good news and bad news about the global economy. 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
Small Business Owners’ Optimism Rises, but Inflation Remains a Problem
June 11, 2024

Small business owners are more optimistic than they’ve been throughout 2024 but they remain less optimistic than they have been historically. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Economy
Consumer Confidence About Household Finances Highest in 3 Years
June 10, 2024

Consumers are more confident about the prospects for their household’s financial situation and the stock market than they’ve been in three years. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

Economy
Initial Unemployment Claims Increase by 8,000 as Labor Market Cools
June 06, 2024

The number of initial claims for unemployment insurance increased by 8,000 during the week ended Saturday (June 1), showing that the labor market is returning to pre-pandemic conditions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...