Posts Tagged ‘job market’

Americans Waiting for a Bigger Raise

Posted on November 17, 2017 by Laura Lam

The government said that average hourly earnings rose 2.4% over the past 12 months.  That’s a slip from the 2.9% increase reported in September. It remains below the 3% to 3.5% range that many agree is normal in a truly healthy economy.  The last time wages were up more than 3% year-over-year was in April 2009, just as the economy was emerging from the depths of the global banking crisis that fueled the Great Recession. Why have wages remained stagnant even though many other indicators of the job market and broader economy look healthy? Unemployment continues to drop. The housing…

Consumer Sentiment Rises to New High

Posted on March 20, 2017 by Laura Lam

Consumer confidence rose in March as Americans were more satisfied than any time in 16 years with the current state of their finances and the economy, while remaining sharply divided along party lines about the outlook.  The University of Michigan said that its preliminary index of sentiment increased to 97.6 from 96.3 in February. The index of current conditions jumped three points to 114.5, the highest reading since November 2000. Households reported net gains in incomes and wealth at the strongest levels in a decade, while Republicans were “much more optimistic” than Democrats about expectations for their finances, according to…

Americans' Housing Optimism Gains Momentum

Posted on June 11, 2015 by Saldutti

Consumer attitudes about the housing market showed marked improvement last month, strengthening the case for a lift in housing activity this year, according to results from Fannie Mae’s May 2015 National Housing Survey.  In line with the positive May jobs report and reflecting recent trends of firming personal income growth, the share of survey respondents reporting a significant increase in their household income climbed 4 percentage points to a near all-time high. As job growth appears to be driving meaningful income growth, the outlook for housing market growth also is improving. Among those surveyed, the share who believe now is…

Americans Are Flat-Out Broke

Posted on August 19, 2014 by Saldutti

Despite improvement in certain areas of the economy, the Great Recession never truly ended for millions of Americans. Households across the nation are still trying to overcome a sluggish labor market, stagnant wages, and rising living costs. Making matters worse, the struggle does not appear to be ending anytime soon. According to a new report from the central bank, 25% of American households say their families are “just getting by” financially, and another 13% are “finding it difficult to get by.” Compared to five years earlier, 34% feel like they are worse off today, while the same number feel about…

Boomerang Kids are Here to Stay

Posted on June 23, 2014 by Saldutti

One in 5 people in their 20s and early 30s is currently living with his or her parents. And 60% of all young adults receive financial support from them. That’s a significant increase from a generation ago, when only one in 10 young adults moved back home and few received financial support. The common explanation for the shift is that people born in the late 1980s and early 1990s came of age amid several unfortunate and overlapping economic trends. Those who graduated college as the housing market and financial system were imploding faced the highest debt burden of any graduating…

The Breakup: 1 in 5 Workers Plan to Leave Job in 2104

Posted on February 10, 2014 by Saldutti

Are you headed for a breakup this Valentine’s Day?  With the New Year just underway, many U.S. workers are already resolving to find a new employer. According to a CareerBuilder survey, 21% of full-time employees plan to change jobs in 2014, the largest amount in the post-recession era and up from 17% in 2013. A drop in job satisfaction may account for the expected rise in turnover – 59% of workers are satisfied with their jobs, down from 66% in 2013; 18% are dissatisfied, up from 15% last year. Those who are dissatisfied cite concerns over salary (66%) and not…