Wages are Going Up and Unemployment is Down!
Posted by Florida Realty Marketplace on
One day after announcing that unemployment claims rose for the third straight week, the Labor Department announced that job growth surged past expectations in June. The latest figures from the Bureau of Labor Statistics showed that non-farm payroll jobs reached 222,000 last month, well past the expected gain of 180,000.
The Labor Department credited increased worker hours for the surge. The average workweek increased from 34.4 to 34.5 hours per week from may to June. Employment increased in health care (up 37,000 jobs), social assistance (up 23,000), financial activities (up 17,000), and mining (up 8,000).
Employment in other major industries, including construction, manufacturing, wholesale trade, retail trade, transportation and warehousing,…
2534 Views, 0 Comments
Earlier this week we celebrated Independence Day, and with that, we also take the time to think about what made a fight for freedom a reality—the American Dream. And in that reflective moment, it’s easy to declare the American Dream dead. But ValueInsured, in a recent report, wants to “offer a different perspective.”
Now, according to Newsweek, the popularity of McMansions is surging once more, and the median price of McMansions is approaching what it once was in 2007
According to recently released findings from TruliaInventory and Price Watch; this quarterly look at the supply of starter, trade-up, and premium homes on the market nationally and in the 100 largest U.S. metros found that falling inventory is strongly correlated with how long homes stay on the market.
A recent report published by Bankrate suggests that younger millennials aged 18 to 26 spend more on daily, habitual expenses, such as eating out, coffee, and alcohol, than any other generation, which can limit their long-term ability to save for a downpayment on their mortgage.