PYMNTS-MonitorEdge-May-2024

labor market

Mixed Economic Signals: Strong Jobs Report, but Declining Confidence
Mixed Economic Signals: Strong Jobs Report, but Declining Confidence
October 07, 2024  |  Economy

Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on...

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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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Consumers’ Mixed Economic Sentiments Hurt by Inflation, Lifted by Labor
Consumers’ Mixed Economic Sentiments Hurt by Inflation, Lifted by Labor
July 30, 2024  |  Consumer Insights

As consumers look at their economic prospects, they are torn between factors pulling them in different directions, feeling relatively confident about the job market but...

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Insured Unemployment Number Reaches Highest Level Since 2021
Insured Unemployment Number Reaches Highest Level Since 2021
June 27, 2024  |  Economy

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...

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Yellen: US Labor Market Has Become ‘More Normal’
Yellen: US Labor Market Has Become ‘More Normal’
June 13, 2024  |  Economy

America’s job market is starting to resemble its pre-pandemic self, says Treasury Secretary Janet Yellen. Speaking to CNBC Thursday (June 13), Yellen also noted that cooling...

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Job Creation Slows Amid Big Cuts in Manufacturing
Job Creation Slows Amid Big Cuts in Manufacturing
June 05, 2024  |  Economy

Job creation in the U.S. is demonstrating signs of slowing as wages remain flat. That’s according to the monthly report on private sector employment released...

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Job Openings Slip 4.8% in April, Signaling Cooler Labor Market
Job Openings Slip 4.8% in April, Signaling Cooler Labor Market
June 04, 2024  |  Economy

The number of job openings in the United States declined by 4.8% in April. There were 8.1 million job openings available on the last business...

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Federal Reserve Reports ‘Slight or Modest Growth’ in Economic Activity
Federal Reserve Reports ‘Slight or Modest Growth’ in Economic Activity
May 29, 2024  |  Economy

Economic activity in the United States expanded from early April to mid-May, though it varied in different industries and Federal Reserve districts. While 10 of...

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Initial Claims for Unemployment Drop by 18,000
Initial Claims for Unemployment Drop by 18,000
January 04, 2024  |  Economy

The number of initial claims for unemployment insurance dropped to 202,000 during the week ended Saturday (Dec. 30). That total was 18,000 less than the...

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