Job Cuts Climb as Labor Economy Workforce Trades Down

Consumer spending is holding up but shifting toward smaller baskets, private labels and value pricing.Jobless claims fell to their lowest level in three years, even as job cut announcements rose across several sectors.A trio of labor reports, spanning government, private sector data and PYMNTS Intelligence findings, shows that uncertainty is rising among hourly workers even as their spending continues.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of yo ...