PYMNTS-MonitorEdge-May-2024

employment

Employment is a relationship between two parties, usually based on contract where work is paid for, where one party, which may be a corporation, for profit, not-for-profit organization, co-operative or other entity is the employer and the other is the employee.

Source: en.wikipedia.org

Hospitality Sector Becomes America’s Fastest-Growing Employer
Hospitality Sector Becomes America’s Fastest-Growing Employer
March 05, 2023  |  Economy

At the outset of the COVID pandemic, America’s hospitality sector undertook a swath of layoffs. Now, the country’s bars, restaurants and hotels are among the...

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Bank of America CEO: Consumer Trends Bode Well for Economy 
Bank of America CEO: Consumer Trends Bode Well for Economy 
February 14, 2023  |  Economy

Bank of America Chairman and CEO Brian Moynihan said Tuesday (Feb. 14) at the BofA Securities Financial Services Conference that the bank hears from commercial...

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Majority of Americans Unhappy With Annual Salary, Considering Switching Jobs
Majority of Americans Unhappy With Annual Salary, Considering Switching Jobs
January 02, 2023  |  Consumer Insights

Nearly two-thirds of consumers say they’re working jobs that don’t meet their annual salary requirements. And 30% of those consumers say they plan to leave...

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Restaurants Hiring Even as QSRs Automate to Shrink Labor Costs
Restaurants Hiring Even as QSRs Automate to Shrink Labor Costs
December 27, 2022  |  Restaurant innovation

Even while restaurants’ hiring recovers, McDonald’s and other brands are automating to reduce headcount and labor costs. That restaurant hiring might lead to problems. This,...

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Report: Recession Worries Lead Firms to Turn to Contract Employees
Report: Recession Worries Lead Firms to Turn to Contract Employees
December 22, 2022  |  Gig Economy

More and more American businesses are hiring temporary contract employees as recession fears increase. Companies posted 26% more openings for contract workers between May and...

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US Added 263,000 Jobs in November, Led by Hospitality Sector
US Added 263,000 Jobs in November, Led by Hospitality Sector
December 02, 2022  |  Economy

The U.S. economy added 263,000 non-farm jobs in November. This increase was roughly in line with the average growth of 282,000 that has been recorded...

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Retailers Lag Broader Main Street Business Recovery in Q3
Retailers Lag Broader Main Street Business Recovery in Q3
November 15, 2022  |  SMBs

The small- to medium-sized businesses (SMBs) on Main Street, USA, were some of the hardest hit in March 2020, and pandemic recovery, though swift, has...

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Social Distancing Still Keeping 3M Americans out of Work
Social Distancing Still Keeping 3M Americans out of Work
October 28, 2022  |  Coronavirus

COVID changed everything. From consumption patterns to communication standards, the idea that changes resulting from the events of 2020 and 2021 would disappear as soon...

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40% Of US Households Are More Vulnerable to Labor Market Volatility
40% Of US Households Are More Vulnerable to Labor Market Volatility
October 25, 2022  |  Consumer Finance

Economic conditions in the United States are consistent with a tight labor market — most consumers looking for work can find it. The unemployment rate...

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