PNC Economics Research

Better Than Expected May Jobs Report

The U.S. economy added 172,000 jobs in May, well above expectations.

05 June 2026 | Gus Faucher

No, credit card delinquencies are not at financial crisis levels

New York Fed’s 90+ day credit card delinquency series shows credit card delinquencies approaching the highest levels since the Global Financial Crisis (GFC). The discrepancy stems largely from methodology.

04 June 2026 | Brian LeBlanc

A Tougher Start for Young Workers

The U.S. labor market is still holding up, but the slowdown has fallen hardest on younger workers.

01 June 2026 | Gus Faucher, Rayhan Momin, Brian LeBlanc

Consumer Health Check

Using PNC’s proprietary data to illuminate trends and risks shaping U.S. consumer health.

Read Consumer Health Check

Data Releases

Trade Deficit Narrowed in April; FIFA World Cup to Benefit Services Trade

The nominal U.S. goods and services trade deficit narrowed 1.2% in April to $55.9 billion.

June 9 2026 | Ershang Liang

Existing Home Sales Up in May With Improvements in Single-Family Homes

Existing home sales were up more than 3% in May both on the month and from a year earlier.

June 9 2026 | Ershang Liang

Downward Revisions to Q1 Productivity and Unit Labor Costs

Labor productivity growth in the first quarter was revised substantially lower, to 0.3% from 0.8%.

June 4 2026 | Gus Faucher

Initial Jobless Claims Rise but Remain Low

Initial jobless claims rose by 13,000 to 225,000 in the week ending May 30.

June 4 2026 | Jay Hawkins

Beige Book Portrays an Economy That is Expanding at a Slight to Moderate Pace

Growth was modest in the U.S. in the spring, according to the Fed’s Beige Book.

June 3 2026 | Gus Faucher

ISM Services Comfortably Topped Expectations at 54.5 in May 2026

The Institute for Supply Management (ISM) reported aggregate services activity at 54.5.

June 3 2026 | Kurt Rankin

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Published semi-annually, PNC's survey of small and mid-size business owners' expectations for their own businesses' performance, and their outlook for the national and regional economies are described in detail (available in March and September).

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