#economic-conditions

#economic-conditions

The labor market has been frozen for months, marked by low layoffs, low hiring, and few openings for job seekers and switchers. The cooldown has been worse than the slowdown in overall US job postings.

The national living wage could rise to as much as 12.86 an hour next year, the official advisory committee has estimated, as it gives new details on its annual review on the figure.

The July edition shows renewed optimism, as the Consumer Sentiment Index climbed to 61.8 from 60.7 in June, marking its highest point in five months.

For many young adults, waiting for the perfect time to launch could mean missing the best time. The longer they delay, the more they risk falling behind.

"A decrease in the PAPI occurs when loan application amounts decrease, mortgage rates decrease, or earnings increase, indicating improved borrower affordability conditions."

"The used car market has enjoyed its strongest start to a year since before the pandemic, with supply fuelled by a recovering new car market."

Southern California home sales have stalled, with 11,966 homes sold in February, almost unchanged from the previous year, marking the third-lowest February sales total since 2005.