America In Focus: Unemployment Rate Climbs, Mortgage Rate Hits Nearly 3 Year High
Employers added 29,000 jobs in September as the unemployment rate rose to 4.2%, while Freddie Mac said the 30-year mortgage rate reached 7.28%.
- On Friday, the Labor Department reported U.S. employers added a disappointing 29,000 jobs in September, while the unemployment rate rose to 4.2% from 4.1% in August.
- The Conference Board reported Tuesday that consumer confidence tumbled to 81.9 in September, down from 88.6 in August, marking the lowest reading since April 2014.
- Freddie Mac reported Thursday that the benchmark 30-year fixed-rate mortgage jumped to 7.28% from 7.03% last week, the highest level in nearly three years.
- These economic pressures potentially pose a risk to President Donald Trump and Republicans in midterm elections occurring just over a month away.
- Americans face stagnant wage growth, with average hourly wages up just 3% from a year earlier, the smallest gain since May 2021, fueling frustration over elevated costs.
32 Articles
32 Articles
Trust in the US economy falls to the lowest level in a decade, affected by inflation and stagnant wages, creating an electoral challenge. Mortgage rates reach their highest point in three years, while the labor market shows signs of slowdown, with fewer jobs and vacancies.
The economy, inflation and how those forces could affect the lives of Americans were in the foreground during the last week. Visits to the supermarket and gas station are more painful than the year...
America In Focus: Unemployment rate climbs, mortgage rate hits nearly
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year,
The Toronto Star
America In Focus: Unemployment rate climbs, mortgage rate hits nearly 3 year high
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs…
America In Focus: unemployment rate climbs, mortgage rate hits nearly 3 year high – WTOP News
The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs are impacting the decisions of both households and businesses. Here’s a snapshot of prominent economic...
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