Posts Tagged ‘labor market’

Beige Book: Slower Growth, Less Optimism

Posted on June 09, 2017 by Laura Lam

Economic growth slowed across parts of the U.S. in recent weeks, and some firms have become a bit less optimistic about the future, according to a new report from the Federal Reserve.  “A majority of districts reported that firms expressed positive near-term outlooks; however, optimism waned somewhat in a few districts,” the Fed said in its latest Beige Book report. Broadly, the Fed said economic growth was modest in 7 districts, moderate in 4 districts and “flattened out” in the New York Fed district. The prior beige book said activity expanded in all 12 regions with the pace equally split…

National Home Values are on the Rise

Posted on September 15, 2016 by Laura Lam

Zillow is reporting that national home values have risen for the 48th straight month as of this July, reaching an average of $187,300 in the latest Zillow Home Value Index (ZHVI).  Home values are up 5% over the past year and have been consistently climbing since August 2012, but still remain 4.7% below peak, which was hit in April 2007 when the median home value was $196,600, Zillow revealed in a new report. Portland, Dallas and Denver reported the highest year-over-year home value appreciation among the 35 largest metros across the country. In Portland, home values rose almost 15% to a…

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…

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…

Happy 2nd Anniversary, Economic Recovery

Posted on July 07, 2011 by Saldutti

This is one anniversary few feel like celebrating.  Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s.  After previous recessions, people in all income groups tended to benefit. This time, ordinary Americans are struggling with job insecurity, too much debt and pay raises that haven’t kept up with prices at the grocery store and gas station. The economy’s eager gains are going mostly to the wealthiest. Workers’ wages and benefits make up 57.5 % of the economy, an all-time low. Until the mid-2000s, that figure had…