US labor market stays resilient; housing regresses on higher …

Apr 18, 2024 · The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength that is driving …

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NJ Rent Prices At The Start Of 2024, And Across US - Bergen Record

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Mar 4, 2024 · These prices are down by $56 from its peak in October 2022, but $153 higher than before the pandemic. Two-bedroom rentals have seen the second largest rent decline at 6%, …

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North Bergen Housing Market: House Prices & Trends | Redfin

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The North Bergen, NJ housing market is somewhat competitive, scoring 53 out of 100. The average North Bergen house price was $585K last month, up 26.9% since last year. ... US …

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FAQs about US labor market stays resilient; housing regresses on higher … Coupon?

Is the labor market cooling off?

While overall economic growth has been resilient, the labor market shows signs of cooling off, with job openings down and job growth softening. The labor market slowdown may help reduce inflationary pressures. MORE ON THE U.S. ECONOMY Mortgage rates have been on the rise again and have reached levels not seen since 2001. MORE ON THE HOUSING MARKET ...

Is the housing market regressing?

While the housing market has regressed, signs of revival in manufacturing are growing. A third report from the Philadelphia Fed showed its gauge of factory activity in the mid-Atlantic region rising to a two-year high in April amid a jump in new orders. ...

Will government reshape labor market distortion?

Economists expect the distortion will be smoothed out when the government revises the data next year. Labor market strength is fueling consumer spending, keeping the overall economy afloat. In a separate report on Thursday, the government confirmed that economic growth accelerated in the third quarter. ...

How has high mortgage rates impacted the housing market?

The housing market has also been impacted by high rates with millions of U.S. homeowners locked into previously low mortgage rates and content to remain in their current homes, helping to keep inventory low and the balance tilted in favor of home sellers over buyers in most markets. ...

Is the housing market wilting?

While the labor market remains resilient, the housing market is wilting. A fourth report from the National Association of Realtors showed existing home sales dropped 5.9% to a seasonally adjusted annual rate of 4.81 million units in July, the lowest level since May 2020 during the COVID-19 lockdowns. ...

How will a week of aid affect job growth in August?

Data next week on the number of people receiving benefits after an initial week of aid will shed more light on job growth prospects for August. The so-called continuing claims, a proxy for hiring, increased 7,000 to 1.437 million in the week ending Aug. 6. While the labor market remains resilient, the housing market is wilting. ...