A bumpy but generally downward path for inflation — and the prices paid for all manner of goods — may pressure consumers to pull back on spending. To that end, consumers see some softening of just how much prices will increase over the short term...
This month’s jobs report is projected to show slowing hiring and cooling wages. That’s according to a survey of economists published Thursday (July 4) by Bloomberg News, one day before the Bureau of Labor Statistics releases its monthly wages/employment report. This survey forecasts that payrolls likely increased by 190,000...
Job growth in the private sector cooled in June, marking the third consecutive month of a slowdown. Private employers added 150,000 jobs during the month, ADP said in a Wednesday (July 3) press release. The month’s total was down from the revised total of 157,000...
Since the start of the pandemic, PYMNTS Intelligence has tracked the real impact of inflation, as real wages, adjusted for price increases, have failed to keep pace with sticker shock. Coming into 2024, PYMNTS found that 85% of consumers said increases in their paychecks had...
The consumer showed up with caution in May, but a low inflation rate added some fuel to the arguments for an interest rate cut. Those were the mixed messages sent from the Bureau of Economic Analysis report released Friday (June 28) on personal income and...
The number of people receiving unemployment benefits reached its highest level in over two years. The insured unemployment number for the week ended June 15 was 1,839,000, which was 18,000 higher than the previous week’s revised figure of 1,821,000, the Department of Labor (DOL) said...
The third estimate of how gross domestic product (GDP) fared in the first quarter showed — at least in the headline number — there was a slight boost from previous estimates. The Bureau of Economic Analysis’ final reading noted that first quarter GDP was 1.4%...
Merchant steering, which is a practice where retailers offer discounts to consumers if they use certain payment methods, could be getting eclipsed by surcharges and tipflation. The PYMNTS Intelligence report “Credit Card Surcharges: How Cardholders React to Extra Costs” detailed the impact of merchant surcharges...
Consumer confidence slipped slightly in June but didn’t stray far from where it’s been for two years. The Conference Board Consumer Confidence Index dipped to 100.4 in June, down from 101.3 in May, according to a Tuesday (June 25) press release. “Confidence pulled back in...
