The number of job openings in the United States leaped 5.8% during August, reaching 9.6 million at the end of the month. At the same time, the numbers of hires and separations were little changed, the Bureau of Labor Statistics (BLS) said in a Tuesday...
Household spending is up despite several factors that should be keeping it down. Americans spent 5.8% more in August compared to the year before amid a boom in “experience” spending, The Wall Street Journal (WSJ) reported Monday (Oct. 2). Delta Air Lines reported record revenue,...
American consumers may not want new cars, but they apparently need them. As Bloomberg News reported Monday (Oct. 2), car buyers are visiting dealerships “out of sheer necessity,” replacing vehicles that are — on average — a dozen years old in spite of high interest rates and prices. “You’re...
California Governor Gavin Newsom has signed a new bill into law that raises the minimum wage for fast-food workers in the state to $20 an hour. This move also grants these workers a greater say in setting workplace standards, Reuters reported Friday (Sept. 29). The legislation emerged...
Inflation is slowing, according to the latest official data. But it may not make a difference in the lives of the roughly 60% of consumers who live paycheck to paycheck. As the latest reading of the Personal Consumption Expenditures (PCE) index from the U.S. Bureau...
As consumers’ economic challenges persist even with grocery inflation declining, brands and merchants alike are seeing consumers pull back on food and beverage purchasing. Food giant Nestlé observed in a presentation Thursday (Sept. 28) for Bernstein’s Pan European Strategic Decisions Conference that consumers have been...
Some would-be car buyers are putting off purchases due to higher interest rates, according to used auto retailer CarMax. They are “staying on the sidelines” due to both interest rates and affordability issues in today’s car market, CarMax President and CEO Bill Nash said Thursday...
Bank of America Chairman and CEO Brian Moynihan reportedly said he believes that the economy is heading toward a soft landing, avoiding a recession. Speaking Wednesday (Sept. 27) at the Economic Club of New York, where he discussed the Federal Reserve’s battle against inflation and the...
During seasons of high spending, such as over the holidays, many consumers are forced to cut back on basic needs such as food and beverages, PYMNTS Intelligence revealed. By the Numbers For the latest installment of “New Reality Check: The Paycheck-to-Paycheck Report,” a PYMNTS and...
