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Household Holiday Recycling Impacts Availability of Consumer Paper Goods

Republic Services, Inc.

With consumers shopping online more than ever before, Republic Services is bracing for an influx of discarded packaging material during the holiday season and is asking consumers to make sure they are recycling materials correctly. There's significant need for recycled paper due to the unprecedented demand for household paper products and cardboard during the … [More]

Economy & Trends  |    |  

November Employment Picture Bleak despite Rise of 245,000 Employed

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment rose by 245,000 in November, and the unemployment rate edged down to 6.7 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. However, the pace … [More]

Economy & Trends  |    |  

Over Half of Small Businesses Looking to Hire, Having Difficulty Finding Workers

NFIB

Small businesses reported a historically high level of job openings in November, according to NFIB’s monthly jobs report. Overall, 53% reported hiring or trying to hire in November, down 2 points from the previous month. A seasonally adjusted net 21% of owners are planning to create new jobs in the next 3 months, up 3 points from October. “Small businesses are doing their … [More]

Economy & Trends  |    |  

Weekly Jobless Claims Decrease Slightly, Economic Slowdown Looms

U.S. Department of Labor

In the week ending November 28, the advance figure for seasonally adjusted initial claims was 712,000, a decrease of 75,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 778,000 to 787,000. The 4-week moving average was 739,500, a decrease of 11,250 from the previous week's revised average. The previous week's average was revised … [More]

Economy & Trends  |    |  

Small Businesses Need Our Help Here’s How to Support Local Businesses During This Holiday Season

by Edgar R. Olivo

By now you have probably heard many news stories about how the pandemic is crushing the economy, particularly hitting local small businesses the hardest. Small businesses have struggled during the coronavirus pandemic, but their owners hope the holiday shopping will boost their sales. Viviana O. started her business, JV Beauty Lashes, at the start of this year, just before … [More]

Economy & Trends  |    |  

Why Housing Demand Will Likely Stay High for Years to Come

Zillow

Low rates of household formation since the Great Recession have caused 5.7 million "missing" households, a new Zillow® analysis finds. These missing households represent people who historically would have moved into their own home but have been unable or unwilling to do so, and should keep housing demand high for many years to come as the market catches up. Americans of … [More]

Economy & Trends  |    |  

Gaining Momentum: Annual U.S. Home Prices Appreciated 7.3% in October, Says Report

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 October 2020. Nationally, home prices increased 7.3% in October 2020, compared with October 2019, marking the fastest annual appreciation since April 2014. On a month-over-month basis, home prices increased … [More]

Economy & Trends  |    |  

Workforce and Childcare

by Mike Hunter

It has been reported some parents here in the United States are using between 8% and 42% of their income to have their children cared for while they are at work. Recent studies collated by co-working specialists Instant Offices shows more than half of American parents are more concerned about childcare costs now than they were before the pandemic. While the cost of daycare … [More]

Economy & Trends  |    |  

Customer Benefits Come from Credit Union Acquiring Bank

by Mike Thorell

Arizona Federal is the only Arizona-based credit union with SBA PLP status. We were able to obtain this designation through the acquisition of Pinnacle Bank just one year ago. Pinnacle was a community bank I was proud to stand up back in 2005. Arizona Federal had obtained the designation by exhibiting a successful track record of processing small business loans and by … [More]

Economy & Trends  |    |  

Rising Weekly Unemployment Claims as Pandemic Surges, Taking Toll on Economy

U.S. Department of Labor

In the week ending November 21, the advance figure for seasonally adjusted initial claims was 778,000, an increase of 30,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 742,000 to 748,000. The 4-week moving average was 748,500, an increase of 5,000 from the previous week's revised average. The previous week's average was … [More]

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