CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the Homeowner Equity Report for the first quarter of 2021. The report shows U.S. homeowners with mortgages (which account for roughly 62% of all properties) have seen their equity increase by 19.6% year over year, representing a collective equity gain of over $1.9 … [More]
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U.S. Jobless Claims Drop to Third Consecutive Pandemic Low
U.S. Department of Labor
In the week ending June 5, the advance figure for seasonally adjusted initial claims was 376,000, a decrease of 9,000 from the previous week's unrevised level of 385,000. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The 4-week moving average was 402,500, a decrease of 25,500 from the previous week's unrevised average of 428,000. This is … [More]
Consumer Prices Jump 5% in May, Fastest Inflation since 2008
U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in May on a seasonally adjusted basis after rising 0.8 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment; this was the largest 12-month increase since a 5.4-percent increase for the … [More]
Popular Assets Among Retail Investors in 2021
by Austin Distel
In spite of the astronomic job losses and decline in productive activity that shared striking similarities with the global recession of the 1930’s, research by scientists at Paderborn University showed that in 2020, stock indices in certain industries still recorded significant growth. Quite notably, a lot of changes were observed in global investment trends as a fallout of the … [More]
Strong Improvement for U.S. Mortgage Delinquency Rates in March, Says Report
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for March 2021. For the month of March, 4.9% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 1.3-percentage point increase in … [More]
Small Business Optimism Pauses in May as Labor Shortage Slows Growth
NFIB
The NFIB Small Business Optimism Index fell 0.2 points in May to 99.6. May saw a slight pause in the recovery of small business optimism after steadily increasing each month in 2021. As reported in NFIB’s monthly jobs report, a record-high 48% of owners reported unfilled job openings. “The labor shortage is holding back growth for small businesses across the … [More]
U.S. Employers Added 559K Jobs in May, Unemployment Rate Fell to 5.8%
U.S. Bureau of Labor Statistics
Total nonfarm payroll employment rose by 559,000 in May, and the unemployment rate declined by 0.3 percentage point to 5.8 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in public and private education, and in health care and social assistance. This news release presents statistics from two monthly … [More]
Nearly Half of Small Businesses Unable to Fill Job Openings
NFIB
A record-high 48% of small business owners in May reported unfilled job openings (seasonally adjusted), according to NFIB’s monthly jobs report. May is the fourth consecutive month of record-high readings for unfilled job openings and is 26 points higher than the 48-year historical reading of 22%. “Small business owners are struggling at record levels trying to get … [More]
U.S. Jobless Claims Continue to Fall, Lowest since Beginning of Pandemic
U.S. Department of Labor
In the week ending May 29, the advance figure for seasonally adjusted initial claimswas 385,000, a decrease of 20,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised down by 1,000 from 406,000 to 405,000. The 4-week moving average was 428,000, a decrease of 30,500 … [More]
US Home Prices Post Third Month of Double-Digit Growth in April, CoreLogic Reports
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for April 2021. Sparse inventory and high demand continues to place upward pressure on home prices, creating challenges across generations as buyer preferences shift. Younger millennials continue to enter the … [More]
Rocky Mountain Region’s Middle Market Recovering Faster Than National Average
by Celia Dietrich and Doug Farren
A collaboration between Dietrich Partners, a Denver-based management consulting firm, and the National Center for the Middle Market, housed at The Ohio State University Max M. Fisher College of Business, recently released the findings from the Rocky Mountain Region Middle Market 2020 Performance and 2021 Outlook report. The report reveals that the Rocky Mountain region’s middle … [More]
Tax Advantage: Employee Retention Credit
by Eric Stenson
As part of the CARES Act introduced in 2020, Congress created a new tax credit to incentivize employers to keep workers on the payroll during the pandemic. The employee retention credit is an offset to certain payroll taxes; it is not an income tax credit. The credit, which began on March 12, 2020, was originally set to expire at the end of 2020. The Consolidated Appropriations … [More]
Phoenix Tops the Nation in Population Growth for the Fifth Year in a Row
by Eric Jay Toll
Say “hi” to 25,194 new neighbors. They pushed Phoenix way out in front making this the fifth year in a row that the city is America’s fastest-growing. The 25,194 new Phoenix residents this year is slightly below the 10-year average of 25,912, however, Phoenix continues to take the largest share of Maricopa County’s population growth, with nearly four in 10 new county … [More]
U.S. Jobless Claims Fall to 406k, New Pandemic Low
U.S. Department of Labor
In the week ending May 22, the advance figure for seasonally adjusted initial claims was 406,000, a decrease of 38,000 from the previous week's unrevised level of 444,000. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The 4-week moving average was 458,750, a decrease of 46,000 from the previous week's unrevised average of 504,750. This is … [More]
Water Economy: 5 Ways Small Businesses Can Conserve Our Most Precious Resource
by Edgar R. Olivo
Water is at the core of Arizona’s economy, lifestyle and uniqueness. Clean, reliable water sources are important for our communities and economy to thrive. Small businesses from all regions and industry sectors of Arizona’s economy have an active role in supporting policy and investments to secure Arizona’s water future. Arizona uses around 36% of its water from the Colorado … [More]
U.S. Jobless Claims at All-Time Pandemic Low
U.S. Department of Labor
In the week ending May 15, the advance figure for seasonally adjusted initial claims was 444,000, a decrease of 34,000 from the previous week's revised level. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week's level was revised up by 5,000 from 473,000 to 478,000. The 4-week moving average was 504,750, a decrease of 30,500 … [More]
U.S. Skilled Freelancers Are Estimated to Have Earned $234 Billion in 2020, Says Report
Fiverr
Fiverr International Ltd., the company that is changing how the world works together, today released its fourth annual Freelance Economic Impact Report, a comprehensive study that identifies and profiles the largest markets in the United States for skilled freelance workers. In partnership with Rockbridge Associates, the report analyzes secondary data sources, including the … [More]
Urban Hotels Hit Hard by Pandemic, Recovery Expected to Take Years
American Hotel & Lodging Association
A national survey conducted by Morning Consult commissioned by the American Hotel & Lodging Association (AHLA) found that only 29% of Americans would consider traveling to a city or urban destination this summer, further showing the economic devastation facing urban markets, which rely heavily on business from events and group meetings, underscoring the need for targeted … [More]
Record Growth Drives Typical Home Values Up 11.6% over Last Year
Zillow
Seemingly endless demand and low supply have driven record-breaking home value appreciation over the past year, Zillow's® latest Market Report1 shows. April pushed the envelope even further: Annual home value growth for a typical U.S. home is 11.6%, the highest seen since 2005. Today's rapid rise in prices may recall that of the mid-2000s, stoking unfounded fears of another … [More]
Seasonal Slide: U.S. Mortgage Delinquency Rates Level Off in February, Says Report
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for February 2021. For the month of February, 5.7% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.1-percentage point increase … [More]
