Category: ECONOMY

  • Mortgage demand falls for second week, suggesting slowdown in housing recovery

    Mortgage demand falls for second week, suggesting slowdown in housing recovery

    [ad_1] A real estate agent readies a house for viewing in Venice, Calif. Anne Cusack | Los Angeles Times | Getty Images The surge in mortgage demand from homebuyers over the past two months appears to be waning, even as mortgage rates continue to drop. Mortgage applications to purchase a home fell for the second […]

  • Economy’s second-half comeback is now threatened by coronavirus resurgence

    Economy’s second-half comeback is now threatened by coronavirus resurgence

    [ad_1] A worker wearing a protective mask and gloves assembles face shields at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. The factory is making 50,000 face shields per week for hospitals in Massachusetts and Rhode Island, Governor Charlie Baker said. Adam Glanzman | Bloomberg via Getty Images As the economy […]

  • U.S. consumer confidence June 2020

    U.S. consumer confidence June 2020

    [ad_1] A shopper walks with bags of purchases. Pedestrian and vehicular traffic have noticeably increased as businesses mark the next phase of reopening the economy today in New York City. John Lamparski | SOPA Images | Getty Images Consumer confidence rose more than expected in June as the U.S. loosened stay-at-home and quarantine restrictions, raising […]

  • Fragile economic recovery faces first big test with June jobs report in the week ahead

    Fragile economic recovery faces first big test with June jobs report in the week ahead

    [ad_1] People are walking by the New York Stock Exchange (NYSE) building during Covid-19 pandemic in New York on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a […]

  • Home prices continued to heat up in April, S&P Case-Shiller says

    Home prices continued to heat up in April, S&P Case-Shiller says

    [ad_1] A for sale sign is seen in front of a home as the National Association of Realtors released a report showing that home sales dropped in December of 2017 on January 24, 2018 in Miami, Florida. Joe Raedle | Getty Images Home prices continued to strengthen in April, despite a national economic shutdown and […]

  • Goldman Sachs says a national mask mandate could slash infections and save economy from a 5% hit

    Goldman Sachs says a national mask mandate could slash infections and save economy from a 5% hit

    [ad_1] A stylist wearing a protective mask cuts a customer’s hair at a barbershop in Atlanta, Georgia, on Monday, April 27, 2020. Dustin Chambers | Bloomberg via Getty Images A federal face mask mandate would not only cut the daily growth rate of new confirmed cases of Covid-19, but could also save the U.S. economy […]

  • Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus

    Powell says recovery path is ‘extraordinarily uncertain’ amid efforts to control virus

    [ad_1] Federal Reserve Chair Jerome Powell holds a news conference following the Federal Reserve’s two-day Federal Open Market Committee Meeting in Washington, July 31, 2019. Sarah Silbiger | Reuters Federal Reserve Chairman Jerome Powell said big questions remain over the outlook for the economy, particularly in light of ongoing efforts to contain the coronavirus pandemic. […]

  • Nearly half the U.S. population is without a job

    Nearly half the U.S. population is without a job

    [ad_1] Nearly half of the population is still out of a job showing just how far the U.S. labor market has to heal in the wake of the coronavirus.  The employment-population ratio — the number of employed people as a percentage of the U.S. adult population — plunged to 52.8% in May, meaning 47.2% of Americans are […]

  • Pending home sales spike a record 44.3% in May

    Pending home sales spike a record 44.3% in May

    [ad_1] Pending sale realtor sign Daniel Acker | Bloomberg | Getty Images Pending home sales spiked a stunning 44.3% in May compared with April, according to the National Association of Realtors. That is the largest one-month jump in the history of the survey, which dates back to 2001. It beat expectations of a 15% gain. […]

  • The employment recovery may be slowing as virus cases climb

    The employment recovery may be slowing as virus cases climb

    [ad_1] Alternative data sources that track hourly employees show the jobs recovery slowing in recent weeks, as the growth of coronavirus cases accelerates in major cities like Phoenix, Houston and Los Angeles.  Data from Homebase, a scheduling firm that works with many small and medium-sized businesses in the service sector, show that employment may have declined […]