Category: Announcements

• August 4, 2017
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• realestatelife

The U.S. created 209,000 new jobs in July, easily beating Wall Street forecasts and showing the labor market still has plenty of muscle more than eight years into a expansion. Economists had predicted a 175,000 increase in nonfarm jobs. The unemployment rate slipped to 4.3% from 4.4%, retouching a 16-year low. Average wages climbed 0.3%

• July 29, 2022
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• realestatelife

The Federal Reserve’s preferred inflation gauge accelerated more than expected in June, according to new data released on Friday, a worrisome sign as central bankers try to combat higher prices with the steepest interest rate hikes in decades. The personal consumption expenditures index showed that core prices, which strips out the more volatile measurements of

• July 28, 2022
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• realestatelife

The U.S. economy shrank in the spring for the second consecutive quarter, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates forced consumers and businesses to pull back on spending. Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an