Category: 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.
Economic News
Economic News
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 2020, international arrivals fell by more than 900 million — a pace that will likely...
Economic News
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 be quite hot. According to the latest data from Redfin, active home listings fell to...
Economic News
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 not only the lowest monthly sum since jobs began rebounding in May but is also...
Economic News
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 billion to $9.6 billion, the numbers put Black Friday 2020 second only to Cyber Monday...
Economic News
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 overall figure. Meanwhile, the unemployment rate fell one percentage point to 6.9% — significantly lower than...
Economic News
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 financially distressed locations amid the pandemic. To arrange the list WalletHub looked at the 100...
Economic News
