Half of Americans are priced out of the current car market, unable to spare the average loan payment for either a new or used car, following rising costs related to supply issues and interest rate hikes, according to experts. The car market could ease in the future, providing…
Read MoreMortgage applications have reached their lowest level since 1996, showing a fall in demand for new houses, while inventories have yet to recover since the COVID-19 pandemic, indicating a lack of supply. The combination of low demand and low supply could spell trouble for the housing market in the…
Read MoreThe number of part-time jobs has increased dramatically in the U.S. since June while the number of full-time jobs in that same time frame has taken a hit, signaling a concerning trend in the job market toward part-time workers, according to the Bureau of Labor Statistics. Since June,…
Read MoreThe U.S. added 187,000 nonfarm payroll jobs in August as the unemployment rate shot up to 3.8%, according to Bureau of Labor Statistics (BLS) data released Friday. Economists had anticipated the country would add 170,000 jobs in August compared to 187,000 jobs in July, and that unemployment would remain…
Read MoreWorkers for a major Chinese developer are going without pay, and job sites are going unfinished as the Chinese real estate market struggles, according to Reuters. Country Garden, formerly China’s largest real estate developer by sales volume, is in the midst of a debt crisis indicative of the…
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