PYMNTS-MonitorEdge-May-2024

economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

ADP: Private Sector Job Creation Slows for Fifth Consecutive Month
ADP: Private Sector Job Creation Slows for Fifth Consecutive Month
September 05, 2024  |  Economy

The labor market continued to cool in August, with job creation among private employers slowing for the fifth consecutive month and wage growth remaining flat....

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More Federal Reserve Districts Report Flat or Declining Economic Activity
More Federal Reserve Districts Report Flat or Declining Economic Activity
September 04, 2024  |  Economy

The number of Federal Reserve districts reporting flat or declining economic activity rose from five in July to nine in August. Only three of the 12...

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Job Openings Drop in July, Signaling Slowdown in Labor Market
Job Openings Drop in July, Signaling Slowdown in Labor Market
September 04, 2024  |  Economy

The number of job openings in the United States declined to 7.67 million in July, down from 7.91 million in June and 8.81 million a...

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Construction Spending Dips 0.3% in July Amid High Mortgage Rates
Construction Spending Dips 0.3% in July Amid High Mortgage Rates
September 03, 2024  |  Economy

Construction spending decreased by 0.3% in July after remaining unchanged in June. Spending totaled $2.163 billion in July, down from the revised June estimate of...

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Paycheck-to-Paycheck Shoppers May Demand More Deals Events This Fall
Paycheck-to-Paycheck Shoppers May Demand More Deals Events This Fall
September 03, 2024  |  Retail

In the wake of the savings events rush of the summer, with seemingly every large merchant announcing some major discounting push, consumers are growing accustomed...

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Trending: Most Consumers Think Twice Before Spending, Then Trade Down
Trending: Most Consumers Think Twice Before Spending, Then Trade Down
September 02, 2024  |  Economy

Sept. 17 is looming as a critical date on the economic calendar. It’s the date the Federal Reserve meets to consider — and most analysts...

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Inflation Cools, but Paycheck-to-Paycheck Consumers Still Feel the Heat
Inflation Cools, but Paycheck-to-Paycheck Consumers Still Feel the Heat
September 02, 2024  |  Economy

The reality is that inflation is cooling. But perception, as they say, is reality. As captured in a PYMNTS Intelligence report in August, the reality...

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Goldman Sachs Begins Layoffs as Part of Annual Review Process
Goldman Sachs Begins Layoffs as Part of Annual Review Process
August 30, 2024  |  Personnel

Goldman Sachs reportedly plans to lay off between 3% and 4% of its workforce — amounting to about 1,300 to 1,800 people — as part...

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Consumer Spending and Private Inventory Investment Lift GDP 3%
Consumer Spending and Private Inventory Investment Lift GDP 3%
August 29, 2024  |  Economy

Consumer spending and private inventory investment are driving an increase in real gross domestic product (GDP), the Bureau of Economic Analysis (BEA) said Thursday (Aug....

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