Economic Impact news and trends

New Study Finds 70% of US Consumers Cutting Back on Nonessential Retail Purchases
Consumer Finance // July 29, 2022

With prices increasing at the fastest rate since 1981, Americans are feeling the pinch. PYMNTS’ data reveals that 86% of United States consumers believe they lost purchasing power in the last year, and more than half say their financial situation has worsened. But perhaps the...

US Labor Dept. Says a Record 4.3 Million Quit Jobs in August
Economy // October 12, 2021

People are quitting their jobs in record numbers, led by the restaurant, bar and retail sectors, according to the Tuesday (Oct. 12) Job Openings and Labor Turnover Survey (JOLTS) report by the Bureau of Labor Statistics. The U.S. Labor Department said 4.3 million people quit...

COVID-19 Relief 101: What’s Passed Already, What’s Up For Debate And What’s Next
Coronavirus // March 19, 2020

While the COVID-19 has been a looming and growing threat on the global stage since almost the start of the new year, for U.S. citizens, it has been more or less in seven days that have seen the world go from business more or less...

COVID-19 Batters $2.5T Trade Show Events Industry
International // February 25, 2020

Despite the best efforts by health workers around the world, the coronavirus continues to spread in terms of cases, fatalities and nations where it has made an appearance. As of this writing, the worldwide case count is approaching 80,000, with China being ground zero and...

Interviews & Exclusives
COVID-19 Relief 101: What’s Passed Already, What’s Up For Debate And What’s Next

March 19, 2020
While the COVID-19 has been a looming and growing threat on the global stage since almost the start of the new year, for U.S. citizens, it has been more or less in seven days that have seen the world go from business more or less as usual to something quite other than that.  Sports are […]

Digital Freight’s Bumpy Road As Virus Spreads, Macro Slows

February 04, 2020
Tech-enabled disruptors promise to upend the way things have always been done to help streamline industries that are paper-reliant, process-reliant and perhaps ripe for a shake-up. For some newer firms...

Quick Reads
Bank of America: AI Poised to Disrupt Every Sector

October 11, 2023
Artificial intelligence (AI) is predicted to have a significant economic impact, potentially reaching $15.7 trillion by the end of the decade, according to Bank of America. This emerging technology is expected to touch all facets of the global economy and drive economic growth, Bank of America analysts, led by Alkesh Shah, stated in an investor note, Seeking […]

US Labor Dept. Says a Record 4.3 Million Quit Jobs in August

October 12, 2021
People are quitting their jobs in record numbers, led by the restaurant, bar and retail sectors, according to the Tuesday (Oct. 12) Job Openings and Labor Turnover Survey (JOLTS) report...

Countries Brace For Global Economic Impact Of Coronavirus

February 11, 2020
Canada Finance Minister Bill Morneau said that the coronavirus is probably going to have a “real” impact on that country’s economy, according to a report Monday (Feb. 10) by Bloomberg. Countries...

PBOC Pumps $173B Into Chinese Economy To Combat Virus Impact

February 03, 2020
The Chinese government braced for additional economic turmoil, took steps to bolster its lagging economy and activated new safety measures as the coronavirus epidemic spread globally, causing the first illness-related...