wages

Private Sector Adds 122K Jobs as Wage Growth Slows
Private Sector Adds 122K Jobs as Wage Growth Slows
July 31, 2024  |  Economy

American companies added 122,000 jobs this month, while wage growth continued to slow. That’s according to the latest monthly employment report from ADP, released Wednesday (July 31),...

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Will Earned Wage Access Unlock FedNow Sender Adoption?
Will Earned Wage Access Unlock FedNow Sender Adoption?
July 30, 2024  |  Faster Payments

One year on, FedNow and instant payments are seeing a groundswell of interest and intention to speed up funds paid out to individuals. Taking stock...

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CFPB Says Earned Wage Access Programs Are Consumer Loans
CFPB Says Earned Wage Access Programs Are Consumer Loans
July 18, 2024  |  CFPB

Regulators are painting several types of lending products with a broad brush, bringing an ever-widening swath of lenders under federal purview. Fresh off its rulemaking...

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Could Mixed Inflation Expectations Predict A Spending Slowdown?
Could Mixed Inflation Expectations Predict A Spending Slowdown?
July 08, 2024  |  Economy

A bumpy but generally downward path for inflation — and the prices paid for all manner of goods — may pressure consumers to pull back...

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Jobs Report Projected to Show Cooling Wage Growth
Jobs Report Projected to Show Cooling Wage Growth
July 04, 2024  |  Economy

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,...

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ADP: Job Growth Cools for Third Consecutive Month
ADP: Job Growth Cools for Third Consecutive Month
July 03, 2024  |  Economy

Job growth in the private sector cooled in June, marking the third consecutive month of a slowdown. Private employers added 150,000 jobs during the month,...

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New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
New Fed Data Indicates Wages Won’t Offset Inflation Anytime Soon
July 02, 2024  |  Economy

Since the start of the pandemic, PYMNTS Intelligence has tracked the real impact of inflation, as real wages, adjusted for price increases, have failed to...

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25% of High-Income Consumers Work Side Hustles
25% of High-Income Consumers Work Side Hustles
June 26, 2024  |  Consumer Insights

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...

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Consumer Sentiment on Personal Finances Dips Due to Inflation
Consumer Sentiment on Personal Finances Dips Due to Inflation
June 14, 2024  |  Consumer Insights

In 2024, a few key concerns bubble consistently to the top of the list for the paycheck-to-paycheck economy. The PYMNTS Intelligence report “New Reality Check:...

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