Housing and employment pulled pulled off a remarkable rebound after a tumultuous 2020. Last year, both sectors saw numerous setbacks as homes sat idle on the market while businesses laid off hundreds of thousands of workers. Taking a look at July’s data, we see that 2021 is singing a different tune. Housing & Employment Pulled […]
Many reports have revealed numbers below expectations as investors begin to look into what the rest of the year has in store as the economy continues to recover from the COVID pandemic. Employment Report Falls Short of Expectations The highly anticipated monthly employment report was an enormous miss. In April, the economy gained just 266,000 […]
Economy Gains Jobs; Unemployment Drops In March, the economy gained 916,000 jobs and revisions added 156,000 more. Strength was seen in the hospitality and construction sectors. The unemployment rate dropped from 6.2% to 6.0%. Average hourly earnings, an indicator of wage growth, fell slightly. They were 4.2% higher than a year ago, down from 5.2% […]
Market Update: Stimulus Packages, Mortgage Rates, and Unemployment Reports With constant change and uncertainty surrounding much of 2021 from the ongoing pandemic, potential COVID stimulus, and volatile mortgage rates, the latest reports share their positives and negatives. Update on Mortgage Rates and the Housing Market The Democratic sweep in the Georgia Senate runoff election was […]
The end of 2020 was an eventful one for the economy and its potential rebound after the pandemic. Vaccinations began to roll out, the holiday season showing positive signs, and the U.S. market continued its growth. Late 2020 Job Gains Fall Short of Expectations While the rebound from unprecedented job losses caused by the partial […]
The world is in a state of change as the most recent reports are released. Though a lot is still uncertain, there were positive signs for job recovery and in the housing market. Divided Government Means Steadiness in the Mortgage Rates During a week of election uncertainty, mortgage markets held steady, as investors expect that […]
With a world full of constantly changing factors that make impacts on the market, we have to look for the official numbers to make projections and find insights into the markets. Here are some findings from recent reports across the country. Unemployment Drops This week’s major economic data was generally in line with expectations and […]
Economic activity continues to ramp up as the nation further eases COVID restrictions and prepares for the upcoming presidential election. Social unrest, the death of Supreme Court Justice Ruth Bader Ginsburg, and concerns over the Coronavirus pandemic continue to remain incredibly important. Job Gains Increase The labor market continues to see faster than normal growth […]
With GDP growth falling 4.8% in the first quarter of the year, consumer spending dropping to record lows, and unemployment nearing all-time highs, there is a major focus on the economic recovery. As states and counties prepare to reopen, here is what you need to know about the state of the overall economy. The Fed […]