economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Consumers More Optimistic, Looking To Post-COVID

Consumers More Optimistic, Looking To Post-COVID
Consumers More Optimistic, Looking To Post-COVID
December 13, 2020  |  Consumer Insights

U.S. consumers, the driving force behind two-thirds of gross domestic product (GDP), say they are beginning to feel better about the current and foreseeable economic...

READ MORE >
US Household Worth Reaches All-Time High Of $123 Trillion
US Household Worth Reaches All-Time High Of $123 Trillion
December 11, 2020  |  Economy

The net worth of U.S. households rose 3.2 percent in the third quarter to $123.52 trillion, as stock portfolios and real estate prospered, according to...

READ MORE >
Multi-Family Developers Adjust For Permanent Work-From-Home Shift
Multi-Family Developers Adjust For Permanent Work-From-Home Shift
December 10, 2020  |  Real Estate

Before the pandemic, the premise of working from home (WFH) was largely contained to Fridays and the occasional long weekend by only about 10 percent...

READ MORE >
Renters Fuel 30 Pct Hike In New Manhattan Leases
Renters Fuel 30 Pct Hike In New Manhattan Leases
December 10, 2020  |  Real Estate

Renters are returning to Manhattan after a pandemic-fueled exodus, causing a 30 percent surge in new leases compared to 2019, according to an Elliman Report analyzing...

READ MORE >
U.S. Initial Jobless Claims Rise To 853,000 Along With Increasing COVID-19 Cases
U.S. Initial Jobless Claims Rise To 853,000 Along With Increasing COVID-19 Cases
December 10, 2020  |  Economy

An increasing number of Americans were forced out of work as new coronavirus cases reached record-breaking levels. New jobless claims surged 137,000 over last week’s...

READ MORE >
Citigroup Predicts Better Credit Trends In 4Q
Citigroup Predicts Better Credit Trends In 4Q
December 10, 2020  |  Banking

Citigroup Chief Financial Officer Mark Mason says the bank is more likely to report loan loss reserve releases than builds as of the fourth quarter,...

READ MORE >
Bank of America: Spending Up Over 2019 Despite Virus Acceleration
Bank of America: Spending Up Over 2019 Despite Virus Acceleration
December 10, 2020  |  Economy

Bank of America customers are spending more across all accounts than they did last year, but more stimulus is needed to support small businesses and...

READ MORE >
JOLTS: Little Change In Job Openings, New Hires Amid Slowing Labor Market
JOLTS: Little Change In Job Openings, New Hires Amid Slowing Labor Market
December 09, 2020  |  Economy

The Job Openings and Labor Turnover Survey (JOLTS) indicates that the number of new job openings was largely unchanged at 6.7 million positions on Oct....

READ MORE >