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 consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1%...
In the U.S. economy, the jobs market has been volatile to say the least. To that end, the most recent Job Openings and Labor Turnover report released Tuesday (Oct. 1) by the Bureau of Labor Statistics shows that the total, “headline” number of jobs available...
Mixed signals on the health of the U.S. labor market persisted Monday (Sept. 9) as The Conference Board Employment Trends Index (ETI) showed reason for optimism after last week’s Bureau Of Labor Statistics report showed a disappointing jobs outlook. As reported Monday, The Conference Board...
On a day when a stock market rout promised to become a full-fledged bloodbath, and as recession fears mounted, the latest spate of economic data on employment is proving to be grist for a gloomy mill. Simply put, as employment data continues to come in...
October 07, 2024
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 consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1% pace, down sharply from 6.3% in the previous month. Mix […]
April 05, 2024
Wages are increasing. The unemployment rate’s lower. The U.S. economy added more jobs in March than had been expected. And yet, it all may not be enough to offset the...
March 01, 2024
The rise of the gig economy has transformed work for millions of individuals. From freelance creatives to ridesharing drivers, gig workers are pursuing financial independence on their terms, redefining the...
August 14, 2023
Among younger generations, zillennials prove uniquely hesitant to engage with the connected economy when it comes to work. For PYMNTS’ study “The ConnectedEconomy™ Monthly Series: Meet The Zillennials,” we surveyed...
October 17, 2024
America’s economy is in a better place than previously thought, new Fannie Mae research shows. The mortgage company’s Economic and Strategic Research (ESR) Group released these findings Thursday (Oct. 17), based on annual revisions to national accounts and improved employment numbers in August and September. “While the ESR Group still expects economic growth to slow from the robust 3.2 […]
August 01, 2024
New U.S. unemployment claims have reached their highest level in close to a year. According to Labor Department data released Thursday (Aug. 1), jobless claims for the week ending July...
July 07, 2024
Generative artificial intelligence (AI) helped drive a 118% increase in job scams in 2023. The Identity Theft Resource Center (ITRC) said in a June 26 press release about its 2023 Trends...
July 04, 2024
This month’s jobs report is projected to show slowing hiring and cooling wages. That’s according to a survey of economists published Thursday (July 4) by Bloomberg News, one day before the Bureau of...
