The latest revision to second-quarter GDP data is the third and final one. According to the newest data from the Bureau of Economic Analysis, real disposable income turned out to be healthier than initially reported. On Thursday (Sept. 26), the bureau said in a news...
Monday (Sept. 9) offered up a snapshot of consumer sentiment on where inflation is headed, their overall feelings about managing a mounting debt load, and where and how they’re spending against this backdrop. Connecting the dots between the two separate reports — the Federal Reserve...
In today’s competitive job market, traditional benefits like retirement plans and paid time off are falling short as workers demand immediate access to their earnings. Rising financial pressures and living costs are driving this shift, pushing employers to adapt or risk losing top talent. A...
Amid news that the U.S. job market is cooling, first-time unemployment claims are up and 64% of Americans now live paycheck to paycheck, comes this finding: One-quarter of those Americans earning more than six figures a year work side hustles to generate extra income. But...
September 06, 2024
In today’s competitive job market, traditional benefits like retirement plans and paid time off are falling short as workers demand immediate access to their earnings. Rising financial pressures and living costs are driving this shift, pushing employers to adapt or risk losing top talent. A PYMNTS Intelligence report, “No-Wait Wages: Leveraging Instant Payments to Boost […]
June 26, 2024
Amid news that the U.S. job market is cooling, first-time unemployment claims are up and 64% of Americans now live paycheck to paycheck, comes this finding: One-quarter of those Americans...
May 13, 2024
Consumers are girding for inflation to settle in over the long haul. But they intend to keep spending. As reported on Monday (May 13), the Federal Reserve Bank of New York’s Center...
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...
June 10, 2024
Payroll solutions company CloudPay has introduced in-app digital payslip functionality. “Accessed via the employee experience app CloudPay NOW, the new capability allows employees to seamlessly view, manage, and download their payslips anytime, anywhere,” the company said in a Monday (June 10) news release. The new functionality, the company said, is designed to streamline and simplify […]
March 11, 2024
Consumers have a stable short-term inflation outlook but a cautious view for the medium to long term. While near-term inflation expectations are steady at 3.0%, there’s a slight increase in...
October 05, 2023
Initial jobless claims remained low last week, according to new Labor Department data. Government figures released Thursday (Oct. 5) showed initial claims inching up to 207,000 for the week ending Sept. 30, below the...
October 04, 2023
Private employers added 89,000 jobs last month, the slowest growth rate since early 2021. That’s according to the monthly employment report released Wednesday (Oct. 4) by ADP, which also showed wage growth slowing....
