Category: Economic News
The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.
Economic News
Economic News
United States Economy Adds 209,000 Jobs in June 2023
The Labor Department has released its June 2023 jobs report, which also includes some amendments to previously results. About the report: According to the U.S. Bureau of Labor Statistics, the economy added 209,000 jobs in June. Although this continued a 30-month streak of added jobs, June's figure was the lowest since December 2020. It's also lower than the 240,000 jobs economists surveyed by the Wall Street Journal expected. What's more,...
Economic News
WalletHub Economic Index Shows Increasing Consumer Sentiment
The latest WalletHub Economic Index report has found a significant increase in consumer sentiment. About the report: Personal finance site WalletHub has released its June 2023 WalletHub Economic Index report. This national monthly survey asks consumers about their personal financial conditions and other money factors. These 10 components are then compiled to arrive at an overall economic index. Headlining this month's report is an 18.4% increase in consumer sentiment between...
Economic News
Survey: 90% of Millennials Report Carrying Non-Mortgage Debt
A new survey suggests that the vast majority of Millennials are not only in debt but that their total liabilities are now nearing six figures. About the survey results: According to a survey of 1,000 Millenials (defined as those born between 1981 and 1996) conducted by the Real Estate Witch, 90% of respondents said they had a least some non-mortgage-related debt to their names. Moreover, the average balance of those with...
Economic News
United States Economy Gains 339,000 Jobs in May 2023
Defying expectations once again, the United States economy managed to add a significant number of jobs last month. About the May 2023 jobs report: According to the Bureau of Labor Statistics, the economy gained 339,000 jobs in May 2023. That's far higher than the 190,000 figure that economists projected. What's more, April's jobs number was adjusted upwards, climbing to 294,000 from 253,000. Additionally, while March's jobs figure was originally announced to...
Economic News
Gallup Poll: Americans Say Now is a Bad Time to Buy a House
Following a tumultuous few years that's included a global pandemic, a competitive housing market, rock-bottom interest rates, rapidly rising interest rates, inflation, and continued threat of a recession, a new poll from Gallup shows that a record number of Americans believe that now is a bad time to buy a home. According to the latest poll, only 21% of adults believe now is a good time to purchase a house....
Economic News
United States Economy Added 236,000 Jobs in March 2023
Another monthly jobs report shows that, while the United States economy is beginning to cool, unemployment continues to reach near-record lows. According to the latest Bureau of Labor Statistics report, the U.S. added 236,000 jobs in March 2023, with unemployment ticking down to 3.5% from 3.6%. This is only slightly off the 238,000 jobs that economists forecasted. Additionally, February's figure was revised upward by 15,000 to reach a new total...
Economic News
