Financial companies cut more jobs in January than in any month since September 2018. Companies in this sector announced 23,238 layoffs during the first month of the year, global outplacement and business and executive coaching firm Challenger, Gray & Christmas said in a Thursday (Feb. 1) press release....
Hiring and pay increases in the private sector slowed in January. The private sector added 107,000 jobs during the month, and annual pay increased by 5.2% year over year, ADP said in a Wednesday (Jan. 31) press release. Employees who changed jobs saw a 7.2%...
If you’re hesitating about leaving your job, you aren’t alone these days. Data released Tuesday (Jan. 30) in the U.S. Bureau of Labor Statistics’ monthly Job Openings and Labor Turnover Survey (JOLTS) report showed the number of people quitting their jobs dropping to 3.392 million, the...
Taken as a whole, the Commerce Department’s latest reading on inflation shows a dip below a key psychological level. The Personal Consumption Index, as released Friday (Jan. 26) showed a gain of 0.2% in December, and was up 2.9% from a year ago. That’s below the...
America’s economy grew 3.1% in 2023 amid continued consumer spending on vehicles and electronics. That’s according to figures released Thursday (Jan. 25) by the Commerce Department, which also showed the economy growing at 3.3% during the fourth quarter of the year. The findings show an increase in consumer...
Headline numbers reveal that the United States economy keeps growing, outpacing expectations. Although the pace of growth has been tempered a bit, there are some positive signs of consumers’ financial standing, and a long-awaited recession simply did not materialize. The questions remain, though, as to...
Headed into the new year, consumers are confident about the economy, and about overall trends in inflation. As reported by the University of Michigan’s survey of consumer sentiment, the latest reading came in a 78.8 for the month of January, which represents a 13% jump over...
The number of initial claims for unemployment benefits filed during the week ended Saturday (Jan. 13) was the lowest since Sept. 24, 2022. The number fell to 187,000 during the week ended Saturday, a total that was 16,000 lower than the previous week’s revised level...
Inflation’s been the main concern for merchants and consumers through the past few years. But as PYMNTS Intelligence data shows, inflation’s impact on retail, in real terms, is ebbing. Now, many other factors may wind up dampening the enthusiasm to open one’s wallet: Worries over...
