The job market continues to be shaped by economic uncertainty, technological change, AI and shifting worker expectations.
Tag: U.S. Economy
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U.S. RETAIL SALES OUTPACED INFLATION IN FEBRUARY
In February, U.S. retail sales made their largest month-on-month gain since August, rising 0.6 percent.
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U.S. ECONOMY ADDS MOST JOBS IN 15 MONTHS
U.S. employers hired a net 178,000 more workers in March, the most in any month since December 2024, according to the U.S. labor department’s initial estimate.
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ECONOMIC UPDATE
By the facts, as we have reported, President Donald Trump keeps saying one thing, doing another thing, or doing nothing.
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FANNIE MAE AGREES TO ACCEPT CRYPTO-BACKED MORTGAGES
The Federal National Mortgage Association (Fannie Mae), a government-sponsored private lender, has agreed to buy mortgage loans in which buyers pledge their cryptocurrency holdings as collateral instead of making a cash down payment.
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TRADERS ARE WATCHING TRUMP PLAY THE OIL MARKET
Oil traders have spotted a pattern in Donald Trump’s rhetorical behavior regarding the Iran War, the Financial Times reported.
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FERTILIZER PRICES “UNBEARABLE,” U.S. FARMERS COMPLAIN
The price U.S. farmers pay for fertilizer has jumped 40 percent because of the Iran War. A third or more of the world’s supplies of ammonia and urea, key ingredients in fertilizer, transit the Strait of Hormuz, which Iran has shut down.
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U.S. IMPORT PRICES ROSE MORE THAN EXPECTED IN FEBRUARY
In February, the price of goods shipped into the U.S. rose 1.3 percent from March, the largest one-month gain since March 2022. Prices rose as energy markets anticipated the new Middle East war, Reuters reported.
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U.S. MORTGAGE RATES REACH A SIX-MONTH HIGH
Last week, the U.S. national average interest rate on a 30-year, fixed rate mortgage rose to 6.38 percent, the Federal Home Loan Mortgage Corp. reported.
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IRAN WAR TORPEDOES U.S. HOUSING MARKET
On 27 February, the day before the U.S. and Israel attacked Iran, the U.S. national average interest rate on a 30-year, fixed-rate mortgage was 5.96 percent, according to Bankrate.