Economic News
The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.
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U.S. Economy Lost 140,000 Jobs in December 2020
There’s no question that 2020 will go down as one of the most challenging years in recent memory for many Americans. Yet, after major job losses in the spring of last year, employment began to rebound as businesses were allowed to reopen. Unfortunately, following months of slowing growth, job figures ended the year on a…
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Tourism Falls to Lowest Level in 30 Years
It’s no secret that one of the industries hit hardest by the COVID-19 pandemic has been the travel sector. From airlines and hotels to attractions and tourist-dependent cities, health concerns and government-mandated restrictions have dried up demand. In fact, new figures show that international travel fell to a 30-year low in 2020. Through October of…
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Active Home Listings Reach Record Low as 2020 Nears an End
Just as the United States economy proved to be a bit of a roller coaster in 2020, the housing market saw similar shakeups and interesting trends. Now, with the year coming to a close, we can see just how wild things were. Additionally, even as cold weather takes over, the market for homes appears to…
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United States Regains 245,000 Jobs in November
Continuing a trend that began as many areas of the country started reopening this summer, the United States once again added back jobs in November. Unfortunately, the pace of recovery has also slowed significantly. According to the latest Department of Labor Statistics report, the economy gained 245,000 jobs during the month of November. That is…
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Online Shopping Reaches Record on Black Friday 2020
With the holiday shopping season now officially underway, consumers are apparently taking their shopping online in record numbers. Preliminary figures from Adobe Analytics (as reported by TechCrunch) show online sales on Black Friday growing 21.6% year over year to top $9 billion. Although that’s on the lower end of Adobe’s initial estimates ranging from $8.9…
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Unemployment Rate Falls to 6.9% as 630,000 Jobs Return in October
Last month, it seems that more Americans went back to work. According to the latest Labor Department report, the United States economy gained 630,000 jobs in October. That’s more than the 503,000 that economists surveyed by MarketWatch had anticipated. More specifically, private sector hiring reached 906,000, although a decline in government employment brought down the…
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WalletHub Highlights Most Financially Distressed Cities Amid Pandemic
There’s no doubt that the COVID-19 pandemic has affected every American and billions of other people around the world. That said, the economic impacts that have been a side effect of the outbreak have been felt more in certain American cities. That’s why the personal finance site WalletHub recently compiled a list of the most…
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What Percentage of the Total Federal Taxes Does Each State Pay?
As the 2020 election nears (with voting already occurring in several parts of the country), there’s been a lot of talk about how different states in the union compare. For example, some have bemoaned the fact that, while the population of a state has an influence on the number of representatives it has in Congress…
