The S&P 500 finally gained last week, ending a five-week losing streak, even as crude oil soared 10% and the end to the war increasingly appeared to be many weeks away. The S&P 500 was down nearly 9% from its late January peak, but it bounced more than 3% last week. Incredibly, the …
The U.S. economy continued to show signs of a mismatch between demand and supply. Nearly 3 million workers have been unemployed for more than a year; yet, there are 9 million available jobs in the U.S. (Figure 1). Matching those open positions with available workers remains key to a sustain …
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U.S. payrolls jumped 850,000 in June after two months of mediocre hiring (Figure 1). With these gains, the private sector has now reinstated 73% of the jobs lost during the pandemic. Restaurants and hotels led the hiring, as the leisure and hospitality industry added 343,000 new positions.
If you’re a business owner, you have far more than money invested in your work. You may be the first to open the door in the morning and walk in on a floor that you’ve mopped yourself.
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The challenge of higher prices is starting to weigh on home sales. New and existing home sales both dipped last month while the median price of existing homes sold topped $350,000 for the first time. Vacation home sales jumped 57.2% over the last year.
