Thirty-eight percent of executives responding to a ResuméBuilder survey expect layoffs this year.
Tag: U.S. economy
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NO INFLATION? COST OF OWNING AND OPERATING A CAR KEEPS RISING
The annual cost to own, insure, fuel, and maintain a new car climbed to $12,182 in 2023 from $10,728 in 2022, according to AAA. Other expenses such as parking fees and road tolls were additional factors that boosted the cost.
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MORTGAGE RATES CLIMBING: REAL ESTATE COLLAPSE COMING?
The interest rate on a home mortgage loan has risen to its highest since mid-December, stalling progress on reviving the housing market.
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ECONOMIC UPDATE – MARKET OVERVIEW
Where is the economy going, what’s next, and what to do? In order to forecast the economic future, we have to know about the current events forming future trends.
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TOP TREND 2023 OFFICE BUILDING BUST: COMMERCIAL REAL ESTATE CRISIS COMING
About $929 billion in commercial real estate loans are coming due this year, the Mortgage Bankers Association (MBA) says, a jump of more than 40 percent from the $659 billion the group had estimated previously.
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SPOTLIGHT: BIGS GETTING BIGGER
Merger and Acquisition took a break when the Federal Reserve and EU began aggressively raising interest rates from their zero and negative levels back in March and July 2022 respectively.
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MEXICO REPLACES CHINA AS TOP U.S. TRADE PARTNER
Last year, for the first time since 2003, Mexico exported more to the U.S. than China did, the U.S. Census Bureau reported.
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U.S. TRADE DEFICIT WITH CHINA SMALLEST IN 13 YEARS
In 2023, the U.S. trade deficit with China fell to its lowest since 2010 as U.S. firms and government agencies continued to “reshore” and “friendshore” their suppliers to protect the flow of materials and in response to China’s stumbling economy and the country’s geopolitical tensions with the West.
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SLAVELANDIA: RENTS GO DOWN FOR THE RICH, UP FOR THE POOR
As more and more low- and modest-income households find it harder to pay their rent, the well-off are being offered discounts on their housing costs.
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JOBS MARKET REBALANCES, GIVING EMPLOYERS MORE POWER
For the past two years, companies were desperate for workers, raising wages and offering various work-related concessions. Now that the labor market has begun to rebalance, employers are regaining power in their dealings with employees, the Financial Times reported.