2024-04-22 | demographics economy finances
... personal finances due to the declining unemployment rate among Hispanics," said Monica Escaleras, Ph.D., director of BEPI in the College of Business. "From January to March, the rate dropped from 4.9 percent to 3.7 percent according to the Bureau of Labor Statistics." SOURCE Florida Atlantic University Business and Economics Polling Initiative...
2024-04-09 | consumers economy
... abor market expectations present a mixed bag, with no change in anticipated earnings growth or unemployment rates but growing pessimism about job security and the ease of finding new employment. This sentiment reflects a cautious outlook on the labor market's stability and could impact consumer spending behaviors.Household finance perceptions showed little change, but the survey highlighted a significant increase in the perceived probability of missing a minimum debt payment, reaching the highest level since the COVID-19 pandemic's onset. This increase, most pronounced among middle-aged respon...
2024-03-12 23:15:00 | consumers economy
... e U.S. unemployment rate will be higher one year from now—decreased by 1.1 percentage points to 36.1%, the lowest reading since February 2022.The mean perceived probability of losing one’s job in the next 12 months increased by 2.7 percentage points to 14.5%. The mean probability of leaving one’s job voluntarily in the next 12 months also increased, by 1.8 percentage points to 19.5%. For both series, the increases were the most pronounced for respondents with annual household incomes less than $50,000.The mean perceived probability of finding a job if one’s current job was lost decline...
2024-01-09 | economy
... y that the U.S. unemployment rate will be higher one year from now—decreased by 1.4 percentage points to 37.0% , remaining below the series 12-month trailing average of 39.5%.The mean perceived probability of losing one’s job in the next 12 months decreased slightly by 0.2 percentage points to 13.4%, remaining above the series 12-month trailing average of 12.3%. The mean probability of leaving one’s job voluntarily in the next 12 months increased by 0.8 percentage point to 20.4%.Household FinanceMedian expected growth in household income decreased by 0.1 percentage point to 3.0%, remaini...
2022-09-22 | consumers demographics women
... in the last five years," said Ellevest Head Data Scientist Dr. Kate Sullivan, who constructed the proprietary index. "Women's financial health worsened during the pandemic, primarily due to employment levels, but it rebounded relatively quickly as the labor market recovered and access to paid family leave began to expand. Since then, however, it's been driven further down, as high inflation impacts her spending power and the overturning of Roe v. Wade clouds her economic future. No wonder consumer confidence has been falling, even as women return to the workforce." The Ellevest Financial We...
2022-08-05 12:00:10 | investing
... stock market and economy than they were in May. Optimistic Europeans cite company earnings, employment, and consumer demand. APAC 6 in 10 investors in Asia Pacific are optimistic about the stock market and economy, the highest of all regions. Long-term investment themes include energy security and smart mobility. UBS Investor Sentiment poll UBS surveyed 2,864 investors with $1M in investable assets and 1,129 business owners with $1M in annual revenue and at least one employee from June 29 to July 19, 2022. The global sample included Argentina, Brazil, Mainland China, Fra...
2022-08-05 12:00:00 | retirement women
... ). Source: Alliance for Lifetime Income...
2022-05-04 12:00:01 | advice demographics
... have worked to accumulate considerable wealth so far, the source of which 37% attribute to business ownership or self-employment income and 43% say comes from investing. Just 13% cite receipt of an inheritance or family money as a source of their wealth. “Millennials have high expectations, but they also are proactive when it comes to planning,” said Dave Goodsell, Executive Director of the Natixis Center for Investor Insight. “This generation has enjoyed a long bull market with low interest rates and little inflation for much of their adult lives. They also saw how 9/11, the tech b...
2022-04-25 10:00:00 | financial planning
... ary that market risks may upend existing plans. Many believe that inflation could devalue assets or business and employment challenges could threaten expected income and reduce the size of the estate left to loved ones," remarked Walton. "In addition, there continue to be increased challenges in arranging documents for clients. Clients and estate planners need to plan for the unexpected, such as law changes or family dynamics, to manage increased complexity when it comes to estate planning." Source: TD Ameritrade...
2022-01-10 12:00:00 | consumers economy
... world enters a third year of the COVID-19 pandemic, the U.S. economy is making a remarkable comeback after two tumultuous years. Roughly 80% of the jobs lost to the pandemic have been regained, unemployment rates have normalized and today’s jobseekers have the upper hand. Yet, Americans’ views of their financial health are languishing, and many consumers don’t feel confident about their current financial situation or the economy. According to a new annual 2022 Wealth & Wellness Index released today from retirement services provider Empower Retirement and affiliate hybrid wealth manag...
2021-10-29 09:08:19 | demographics retirement
... s say they are eating healthy (57 percent) and exercising regularly (53 percent), but fewer than half are getting plenty of rest (49 percent), seeking medical attention when needed (44 percent), or managing stress (40 percent). "While women are doing their part by saving and investing for retirement, concerted actions are also needed from policymakers and employers to address structural issues, bridge inequalities, ensure equal pay and benefits, and ultimately promote their retirement security," said Collinson. Source: Transamerica Center for Retirement Studies...
2021-06-22 09:08:15 | travel
... conomy shut down or were forced to quit their jobs to look after children or family members. In April of 2020, the unemployment rate for women was 16.1%, 2.5 points higher than the figure for men. These trends may factor into the findings from the survey: Of those planning to spend less than $1,000 on their vacations this year, 21% were men and 33% were women. Of those planning to spend more than $7,500 on their vacations, 4% were women while 8% were men. Some women are skipping travel completely -- women are more likely to not be planning on vacation travel this summer or to be unsur...
2021-06-10 12:00:00 | employment workplace
... separate question, 84% of managers say they would find it helpful to receive training in how to manage remote workers – including 56% who would find such training very helpful. Source: MindEdge...
2021-06-02 12:00:00 | employment
... yment opportunities." Expect workplaces to be emptier and more diffused as remote work remains the norm postpandemic. The remote work boom is here to stay: Nearly 40 percent of human capital executives said that they expect a significant number of their employees (40 percent or more) will still work primarily remotely one year after COVID-19 subsides. This figured has doubled since the April 2020 survey, when only 19 percent of respondents expected the same. Prepandemic, most organizations (nearly 75 percent) had fewer than 10 percent of employees who primarily worked remotely. Increa...
2021-05-20 | economy
... ng the index's previous peak, reached at the very onset of the global pandemic in January 2020," said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. "While employment and production have not recovered to their pre-pandemic levels yet, the U.S. LEI suggests the economy's upward trend should continue and growth may even accelerate in the near term. The Conference Board now forecasts real GDP could grow around 8 to 9 percent (annualized) in the second quarter, with year-over-year economic growth reaching 6.4 percent for 2021." The Conference Board Coincident E...
2021-05-19 | real estate
... stors purchase homes with the intention of renting them out, so when rents plunged, unemployment skyrocketed and evictions were halted due to the pandemic, some opted for a cautious approach. Single-Family Homes See Biggest Gain in Investor Purchases Investor purchases of single-family homes rose 4.8% year over year in the first quarter, outpacing growth in every other property type. By comparison, investor purchases rose just 0.9% for condos, and fell a respective 3.6% and 11.6% for townhomes and multifamily properties. This is likely because Americans have been prioritizing space and pri...
2021-05-12 12:19:00 | demographics
... ped significantly compared to past years. That number was as high as 68% during the 2018-2019 academic year, and 54% last year. In line with this unexpectedly positive outlook for employment, students say their salary expectations have also increased, as 17% now expect to make more than $85,000 per year in their first job after graduation. That level is up considerably from 10% for the 2019-2020 school year. “As students close the books on a second unprecedented school year, they see a light at the end of the tunnel,” said Rob Scheinerman, Chief Executive Officer of AIG Retirement Se...
2021-05-12 12:00:05 | employment workplace
... sistently re-assess conceptions of productivity and the impact on their cultures, ensuring their team's approach is optimized for the in-person, hybrid and digital work experience." Source: EY...
2021-05-11 | employment workplace
... a more holistic view of their health beyond just physical safety.” To download the report and learn more about the findings, including generation- and industry-specific differences, please visit ...
2021-05-10 14:00:00 | employment
... ard Consumer Confidence Survey®) Initial Claims for Unemployment Insurance (U.S. Department of Labor) Percentage of Firms With Positions Not Able to Fill Right Now (© National Federation of Independent Business Research Foundation) Number of Employees Hired by the Temporary-Help Industry (U.S. Bureau of Labor Statistics) Ratio of Involuntarily Part-time to All Part-time Workers (BLS) Job Openings (BLS)** Industrial Production (Federal Reserve Board)* Real Manufacturing and Trade Sales (U.S. Bureau of Economic Analysis)** *Statistical imputation for the recent month**Statistica...
2021-05-04 | consumers
... ow more comfortable regularly working on-site at their places of employment, which signals that we are approaching a broader reopening of the economy,” said Raghavan Mayur, president of TechnoMetrica, who directed the poll. “Additionally, Americans are using their stimulus checks to ensure their future financial security, with a combined 65% using checks to pay down credit cards, grow or replenish their savings or invest in the stock market. These factors suggest that as the economy continues to improve, people will once again feel assured of their financial footing and long-term prospects...
2021-05-04 | financial planning
... es, earnings from savings and investments, Social Security and other retirement plans, self-employment or side work, and even sources like lottery ticket winnings and jury duty pay, since nearly everything that comes in for most people is taxable. Considering how much of your income is recurring versus one-time or sporadic is a great first step in budgeting. 4. Where are you on the road to retirement? Your tax return can give you good information on your progress toward a financially secure retirement and highlight some opportunities to enhance it. For example, you can see how tax-deducti...
2021-04-28 12:00:00 | employment pandemic
... West saw the least impact. Job switchers also fared better in the Northeast and the West with wage growth of 6.9 and 5.9 percent respectively. By firm size, larger firms did better both from wage and employment perspective compared to small businesses. Job switching declined on average by 2.0 percentage points across all industries; however, there were some differences among industries. Job switching in the finance sector declined by 2.0 percentage points, whereas leisure and hospitality declined by almost 4.0 percentage points. This practically double percentage point drop in job switching...
2021-04-26 12:00:10 | employment pandemic
... ...
2021-04-15 12:00:10 | employment retirement
... would focus on increasing employee savings rates or deferral percentages within the retirement plan (37%) and help employees start saving in the plan offered, if eligible (31%). Source: Principal...
2021-04-13 12:00:00 | economy housing
... and considering the improving picture regarding the pandemic and climbing employment rates, we are looking at the potential for a strong year of recovery." “The transition rate from current to delinquent this January was the lowest in twelve months, which is another hopeful sign that family finances are beginning to improve,” said Dr. Frank Nothaft, chief economist at CoreLogic. “Further, the transition from 30- to 60-day delinquency was the lowest since last March and is likely to decline further with strong job growth. The consensus view among economists is that the 2021 economy wi...
2021-04-12 14:00:00 | workplace employment
... ng for a new role, 80% said it was important their employment afforded them the opportunity to live anywhere. Improved experiences for customers are here to stay: New experiences were created and improved during the pandemic that people want to continue post pandemic including outdoor seating for restaurants, curbside grocery pick up, and pre-ordered shopping. According to customers, the industries that delivered a better experience during the pandemic were healthcare (37%), retail (21%), and food services (21%). "Right now, every company is undergoing an experience transformation. ...
2021-04-09 12:00:00 | workplace employment
... ys ending 2/18/21. 1,566 responses (1,063 organizations; 503 employees) were received, representing organizations of different sizes and across multiple industries/geographies. Source: WorldatWork...
2021-04-05 12:00:00 | economy
... that a turning point in the number of jobs is about to occur in the coming months. The Employment Trends Index aggregates eight leading indicators of employment, each of which has proven accurate in its own area. Aggregating individual indicators into a composite index filters out "noise" to show underlying trends more clearly. Source: BLS; The Conference Board...
2021-03-31 | employment
... ...
2021-03-30 12:00:02 | economy demographics
... their household income. Within the index, investors’ 12-month outlook for inflation dropped the most this quarter. Slight declines were also seen in their positive forecasts for unemployment, the stock market and economic growth. At the same time, investors’ outlooks for reaching their investment goals were steady. “The COVID-19 pandemic and ensuing economic and market downturn in 2020 tested investors’ resolve, but patience and resiliency were key in helping them weather the ongoing storm,” said Veronica Willis, investment strategy analyst for Wells Fargo Investment Institute. ...
2021-03-30 | workplace employment
... l future of finance here: Digital Future of Finance CFOs and finance leaders can participate in Gartner research and get complementary access by joining the Gartner Research Circle. Source: Gartner...
2021-03-26 | economy
... yments associated with the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act of 2021 (which was enacted on December 27, 2020) declined sharply in February and unemployment benefits continued, but at a lower level. Additionally, restrictions and closures continued in some areas of the United States. The full economic effects of the COVID-19 pandemic cannot be quantified in the personal income and outlays estimate because the impacts are generally embedded in source data and cannot be separately identified. For more information, see “Effects of Selected Federal Pandemic R...
2021-03-24 12:00:00 | economy employment
... CEOs expecting to maintain a hybrid workforce. The quarterly CEO Confidence Index measures CEOs' opinions around categories including current and expected economic conditions, expected change in employment, planned fixed investment and expected revenue and profit growth. The gains in confidence and optimism about the economy in this quarter's survey point toward a time of transition before the anticipated release of pent up demand. The Vistage CEO Confidence Index rose to 102.4 in the first quarter of the year, up from the pandemic low of 65.5 in last year's second quarter and posting the...
2021-03-21 | pandemic
... of anxiety for those surveyed in most countries with financial stress (46%) and employment (36%) at No. 2 and No. 3. In the U.S., nearly as many surveyed consumers are worried about contracting COVID-19 as they are about their finances (51% and 48% respectively). In fact, nearly one-third of global respondents (29%) are worried about making upcoming payments, and that number is even higher (36%) for ages 18-34. Discretionary spending makes gainsWhile financial stress weighs on consumers, global intent to spend on discretionary items, which had stagnated since last summer, is improving in...
2021-03-11 | pandemic technology
... 57% used video conferencing to socialize, work or communicate with family 23% used a telehealth service 19% ordered groceries online 16% read a menu with a QR code Post-COVID, 81% of respondents plan to continue using the technology they’ve learned to: Use video conferencing to socialize (19%), work (23%) or communicate with family (25%) Schedule an appointment (41%) Order takeout via an app (33%) Order groceries online (29%) Use telehealth services (26%) While the COVID-19 pandemic has turned our world upside down, it has held ...
2021-03-08 | employment
... the eight components. From the largest positive contributor to the smallest, the components were: Percentage of Firms With Positions Not Able to Fill Right Now; Initial Claims for Unemployment Insurance; Number of Employees Hired by the Temporary-Help Industry; Percentage of Respondents Who Say They Find "Jobs Hard to Get"; Job Openings; and Real Manufacturing and Trade Sales. The Conference Board...
2021-02-22 14:00:00 | investing demographics
... %), followed by unemployment (36%) and US budget deficits (36%). Only about a quarter of investors (24%) are worried about inflated stock valuations. Other risk factors that concern investors are inflation (27%), the potential for new regulations (27%) and interest rates (24%). Broker dealers: For their online brokerage accounts, at 66% more investors said an easy to use web and desktop platform is an essential feature than any other, followed by real-time market data (61%) and commission-free trades (60%). 39% identified customer support by phone as the most essential feature, 38% want ...
2021-02-09 14:00:00 | mortgage housing
... those in oil and hospitality industries especially hard hit. However, the recent rebound in employment has helped some struggling homeowners begin to make payments again. “The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic. “In addition to ensuring that homeowners stay in their homes, the decline in delinquency means fewer distressed sales, which is both a positive for individual households and the overall housing market.” “Urban areas hit hard by the pandemic rec...
2021-02-03 01:22:28 | economy employment
... on with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. Total U.S. Nonfarm Private Employment: 174,000By Company Size - Small businesses: 51,000 1-19 employees 26,000 20-49 employees 25,000 - Medium businesses: 84,000 50-499 employees 84,000 - Large businesses: 39,000 500-999 employees 28,000 1,000+ employees 11,000 By Sector- Goods-producing: 19,000 Natural resources/mining 0 Construction 18,000 ...
2021-02-03 | employment vacation
... D-19. It's not all bad news, however. With Americans planning to take 13 vacation days this year, up from just 8 days taken in 2020, work-life balance is bound to improve. Source: Expedia ...
2021-02-01 12:29:10 | economy
... t (GDP) is projected to return to its prepandemic level in mid-2021 and to surpass its potential (that is, its maximum sustainable) level in early 2025. In CBO’s projections, the unemployment rate gradually declines through 2026, and the number of people employed returns to its prepandemic level in 2024. CBO is using this economic forecast as the basis for updating its budget projections for 2021 to 2031. The agency plans to release those budget projections later in February and a more detailed report about this forecast later this winter. The forecast incorporates economic and other info...
2021-01-28 14:00:00 | millennial retirement
... student debt and unemployment to unaffordable housing, a variety of factors are stacking against young Americans' ability to achieve long-term financial security," said Heidi Cho, a millennial retirement expert for nonprofit Transamerica Center for Retirement Studies®. The new report explores retirement related attitudes and behaviors of workers in their 20s, a cohort straddling Millennials and Generation Z. The survey spans 15 countries in the Americas, Europe, Asia, and Australia. It was conducted during January and February 2020 at the onset of the pandemic and is a collaboration among...
2021-01-28 | housing
... tional housing market fended off damage that afflicted wide swaths of the U.S. economy after the Coronavirus pandemic of 2020 began spreading across the country in February. Unemployment rose to levels not seen since the Great Depression as millions of businesses temporarily or permanently closed or cut back. But a housing market boom that began in 2012 continued into its ninth year as a spate of buyers relatively unaffected financially by the pandemic – including a cluster looking to escape virus-prone urban areas - chased a declining supply of houses and pushed prices ever higher. "Last...
2021-01-25 12:00:00 | workplace demographics employment
... cluding insight on employee mental health and sentiment on returning to the office. To learn more, download the eBook at https://www.nintex.com/nintexworkplacestudy2021_ebook_0121/. Source: Nintex...
2021-01-14 | unemployment
... herd immunity, preceded by very low rates of new infections in the spring. In the United States, 3.5 to 5 million new jobs should be created by the first quarter of 2022, with the unemployment rate dipping below five percent. Source: The Conference Board...
2021-01-13 14:00:00 | consumer expectations housing inflation
... te will be higher one year from now—decreased from 40.1% in November to 38.9% in December, equal to its trailing 12-month average. The mean perceived probability of losing one's job in the next 12 months increased slightly from 14.6% in November to 15.0% in December, remaining slightly below its December 2019 level of 15.4%. The increase was driven by respondents without a college education. The mean probability of leaving one's job voluntarily in the next 12 months rose from 16.6% in November to 17.1% in December. The mean perceived probability of finding a job (if one's curr...
2021-01-06 | employment small business
... ees. Businesses with fewer than 1,000 employees generally reported positiive gains in employment, with gains of 22,000 in businesses with 500-999 employees, and gains of 37,000 jobs in medium sized businesses of 50-499 employees. Small businesses continued to suffer job losses, with a loss of 16,000 employess in business with 1-19 employees. Slightly larger businesses with 20-49 employees recorded a small gain of 3,000 employees in December. Source: ADP ...
2021-01-05 | spending automotive
... g a broader trend of consumers gravitating toward bigger purchases during the pandemic," said Jessica Caldwell, Edmunds' executive director of insights. "It might seem at odds with unemployment levels and the harsh financial conditions that so many Americans are finding themselves in right now, but the consumers who are buying new cars during the pandemic are clearly on the other side of the economic divide. They're likely qualifying for the lowest promotional rates and feeling secure enough to put down more money to get the bigger vehicles and features that they want." Edmunds analysts not...
2021-01-05 | bankruptcy
... or all of 2019. These two categories are a bellwether for the U.S. consumer market as they are a trailing economic indicator of the overall strength of a market where unemployment continues to ravage the country. “We expect this category to grow substantially in the second-half of 2021,” says Kruse. ...
2020-12-28 | housing
... useholds, whether in the form of employment income or federal stimulus payments to avoid a painful wave of evictions. Buyers will have a harder time affording homes, especially their first one Mortgage payments have become more affordable for homeowners over the past two years thanks to ultra-low mortgage rates. Zillow expects rapid price growth and slightly higher mortgage rates to reverse that trend in 2021, so buyers contemplating a move may consider doing so sooner rather than later. Given the expected volume of sales, hopes for an economic recovery as the COVID-19 vaccine rolls ...
2020-12-22 | consumer confidence employment
... percent, while the proportion expecting a decrease declined marginally from 14.5 percent to 14.3 percent. Source: December 2020 Consumer Confidence Survey® The Conference Board / Release #8001 ...
2020-12-14 | income spending credit
... oyment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—increased for the first time since July 2020, from 35.4% in October to 40.1% in November. The mean perceived probability of losing one’s job in the next 12 months decreased for the third consecutive month from 15.5% in October to 14.6% in November, still slightly above its 2019 average of 14.3%. The decrease was more pronounced among respondents above the age of 60 and without a college education. The mean probability of leaving one’s job voluntarily in the n...
2020-08-10 | inflation household finances
... mprove. Both perceptions and expectations of financial conditions remain weak compared to pre-COVID-19 readings. ...
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