Job Growth Slows Slightly in April
The U.S. job market slowed slightly in April, with notable downward revisions to February and…
Job Growth Slows Slightly in April
The U.S. job market slowed slightly in April, with notable downward revisions to February and March figures. The unemployment rate held steady at 4.2%. The labor market remains resilient despite growing economic uncertainty, though early signs of softening are beginning to emerge. In April, wage growth remained unchanged. Year-over-year, wages grew at a 3.8% rate….
Personal Income Rises 0.5% in March
Personal income increased by 0.5% in March, following a 0.7% rise in February and a 0.6% gain in January, according to the latest data from the Bureau of Economic Analysis. The gains in personal income were largely driven by higher wages and salaries. However, the pace of personal income growth slowed from its peak monthly…
March Private Residential Construction Spending Dips
Private residential construction spending declined by 0.4% in March, largely driven by a decrease in home improvement spending. This decline followed five consecutive months of growth. Despite the monthly drop, spending remained 2.8% higher than a year ago, showing the resilience of the housing market. According to the latest U.S Census Construction Spending data, improvement…
Housing’s Share of the Economy Grows Higher to Start the Year
Housing’s share of the economy grew to 16.4% in the first quarter of 2025, according to the advance estimate of GDP produced by the Bureau of Economic Analysis. This is the highest reading since the third quarter of 2022 and is up 0.2 percentage points from the fourth quarter of 2024. The more cyclical home…
U.S. Economy Contracted in First Quarter of 2025
The U.S. economy contracted in the first quarter of 2025 for the first time in three years, driven by a sharp surge in pre-tariff imports, softening consumer spending, and a decline in government spending. According to the “advance” estimate released by the Bureau of Economic Analysis (BEA), real gross domestic product (GDP) decreased at an…
House Sharing is Not Just for Young Adults
Traditionally appealing to students and young professionals, house sharing arrangements are gaining popularity among older adults.
Jobs Openings Fall as Economy Slows
Consistent with soft sentiment data, the count of job openings for the overall economy and construction fell in March as employers slowed hiring plans amid a broader economic slowdown, per the March Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS). The number of open jobs for the overall economy declined from 7.48 million…