Economy – Bert Martinez

September 11, 20230Comments

Americans have never been wealthier

Fueled by a resurgent stock market and rising home values, US household wealth hit a record $154.3 trillion during the second quarter of this year, according to federal data. Consumer wealth

by Janice Thompson

Business

Economy

September 5, 20230Comments

Stock market today: Wall Street ends lower following two weeks of gains

Major stock indexes on Wall Street closed lower Tuesday, giving back some of their recent gains as traders returned from a long holiday weekend. The S&P 500 fell 0.4%, while the

by Janice Thompson

Business

Economy

September 2, 20230Comments

U.S. economy added 187,000 jobs in August, more than was expected

However, the unemployment rate was 3.8%, up significantly from July and the highest since February 2022. The U.S. added more jobs than expected in August, a sign of resilience for a

by Janice Thompson

Economy

Politics

September 1, 20230Comments

Biden says U.S. is in one of ‘the strongest job-creating periods’ after jobs report

The economy added 187,000 jobs last month but also saw an uptick in unemployment, the Bureau of Labor Statistics reported. WASHINGTON — President Joe Biden touted the jobs report released Friday that showed employment

by Janice Thompson

Business

Economy

August 31, 20230Comments

The US economy grew more slowly in the second quarter than previously estimated

The US economy grew more slowly in the second quarter than previously estimated — a good sign for the Federal Reserve, which is attempting to cool demand to bring down price increases. Gross

by Adam Lee

Business

Economy

August 29, 20230Comments

America’s skilled worker shortage impacting construction, manufacturing industries

The U.S. economy had nearly 1 million job openings in the construction and manufacturing industries in June America’s shortage of skilled workers is impacting the ability of businesses in the construction

by Janice Thompson

Climate

Economy

July 30, 20230Comments

High temps to impact Texas economy

Texas may be used to sweltering temperatures, but as extreme heat persists in cities such as Houston, it could affect its overall economy. Between mid-June and mid-July, payroll platform Gusto

by Adam Lee

Economy

July 24, 20230Comments

The numbers to watch this week

The Federal Reserve will set interest rates Wednesday, with economists predicting one more move higher in its fight against inflation. All 106 economists surveyed by Reuters between July 13 and

July 21, 20230Comments

Gender pay gap at record low

The gender pay gap still exists, with women who work full time earning just 84% of what comparably employed men are paid. However, the pay gap is shrinking — and

by Janice Thompson

Banking

Economy

July 17, 20230Comments

Bank balances higher post-pandemic

Americans have 10% to 15% more in the bank than they did pre-pandemic, says a new survey of millions of Chase customer accounts. But that may not last long: Households

by Adam Lee

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