wages

5 Things to Know About the US Consumer as Spending Outpaces Income
5 Things to Know About the US Consumer as Spending Outpaces Income
August 31, 2023  |  Consumer Finance

We’re spending money as fast as we can make it — and even faster, it seems. The latest government release from the Bureau of Economic...

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Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
Job Growth in U.S. Moves from ‘Exceptional’ to ‘Sustainable’
August 30, 2023  |  Economy

American employers added fewer jobs than anticipated in August, according to new findings from ADP. The research group said in a news release Wednesday (Aug. 30) that private...

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Analysts: July Jobs Report Suggests Possibility of Economy’s Soft Landing
Analysts: July Jobs Report Suggests Possibility of Economy’s Soft Landing
August 04, 2023  |  Economy

Healthcare, social assistance, financial activities and wholesale trade led the country’s job gains in July. A total of 187,000 nonfarm payroll jobs were added during...

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Report: US Labor Market Remains Strong as Wage Growth Slows
Report: US Labor Market Remains Strong as Wage Growth Slows
August 02, 2023  |  Economy

American companies added 324,000 jobs last month, while wage growth slowed. That’s according to data published Wednesday (Aug. 2) by the ADP Research Institute. The bulk of the...

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Report: Hourly Wages Outpace Inflation for 1st Time Since 2021
Report: Hourly Wages Outpace Inflation for 1st Time Since 2021
July 17, 2023  |  Economy

For the first time since 2021, consumers’ wages are exceeding inflation. A report Monday (July 17) by The Wall Street Journal (WSJ) notes that inflation-adjusted average hourly...

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PYMNTS Intelligence: Leveraging Instant Payroll to Improve Employee Satisfaction
PYMNTS Intelligence: Leveraging Instant Payroll to Improve Employee Satisfaction
July 14, 2023  |  Digital Payments

The age of the biweekly pay period seems to be drawing to a close, with workers increasingly preferring to receive their wages as they earn...

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Judge Halts NYC Wage Law Opposed by Food Delivery App Firms
Judge Halts NYC Wage Law Opposed by Food Delivery App Firms
July 07, 2023  |  Gig Economy

A judge has reportedly halted a New York City minimum wage law that is opposed by app-based food delivery firms. New York State Supreme Court...

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Missouri Joins States Regulating Earned Wage Access Providers
Missouri Joins States Regulating Earned Wage Access Providers
July 07, 2023  |  Regulation

Earned wage access providers are garnering more scrutiny — and more oversight — state by state. Missouri’s governor signed a bill that, among other things, will require...

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Clair Secures $175 Million Investment for on-Demand Pay Solution
Clair Secures $175 Million Investment for on-Demand Pay Solution
July 06, 2023  |  Investments

New York City-based FinTech Clair has raised $175 million in funding. The financing was led by Thrive Capital and included participation from Upfront Ventures and Kairos, Clair said in a Thursday (July 6)...

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