A Look Back: US Mortgage Delinquency Rates Experience Record Highs and Lows in 2020, Says Report

CoreLogic

CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for December 2020. On a national level, 5.8% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), which represents a 2.1-percentage point increase in the overall … [More]

Small Business Optimism Improves Slightly in February

NFIB

The NFIB Small Business Optimism Index rose to 95.8 in February, a slight bump from January but still below the 47-year average reading of 98. The NFIB Uncertainty Index decreased five points to 75. “Small business owners worked hard in February to overcome unexpected weather conditions along with the ongoing COVID-19 pandemic,” said NFIB Chief Economist Bill Dunkelberg. … [More]

Americans Remain Hopeful About the Future of Their Careers Despite Turbulent Job Market and COVID-19 Challenges, Finds Career Optimism Index™

University of Phoenix

As the U.S. approaches the one-year mark of COVID-19 lockdowns, the University of Phoenix Career Institute has released the results of its first annual Career Optimism Index™, a comprehensive study measuring working Americans’ attitudes toward their careers to help identify barriers to career advancement and highlight solutions that can help all American workers accelerate … [More]

Mobile Wallets to Become $3.5T Worth Industry by 2023

Finaria.it

The global shift towards a cashless society created a huge space for mobile wallets as a safer and more convenient way of managing money. As the COVID-19 continues driving a digital transformation of payments, the entire segment witnessed impressive growth in the last year, both in the number of users and transaction value. According to data presented by Finaria.it, mobile … [More]

Employment Rose by 379K in February, Twice January’s Numbers

U.S. Bureau of Labor Statistics

Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic. In February, most of the job gains occurred in leisure and hospitality, with smaller gains in temporary help … [More]

S&P500 Racial Justice and DEI Scorecard Separates Leaders from Laggards, Says Nonprofit

As You Sow

As You Sow today released two S&P500 scorecards — one assessing companies on racial justice and the other on workplace equity disclosures. These benchmarks distinguish leaders from laggards on these material issues. The data includes 22 key performance indicators on racial justice and 31 key performance indicators on workplace diversity, equity, and inclusion (DEI) … [More]

Expanding Access to Credit Could Shrink the Homeownership Race Gap

Rick McCartney

Limited access to credit-building products and services disproportionately cuts off Black and Latinx Americans from the wealth-building advantages of homeownership that can last for generations, a new Zillow® analysis shows, shedding light on a prime barrier to entry for prospective homeowners of color. Twenty-six million Americans do not have a credit recordi and around … [More]

U.S. Weekly Jobless Claims Remain Highest since the Great Depression

U.S. Department of Labor

In the week ending February 27, the advance figure for seasonally adjusted initial claims was 745,000, an increase of 9,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 730,000 to 736,000. The 4-week moving average was 790,750, a decrease of 16,750 from the previous week's revised average. The previous week's average was revised … [More]

Productivity and Job Satisfaction Driven by Where You Live, Says Study

Nintex

Nintex, the global standard for process management and automation, today released region-specific findings from the Nintex Workplace 2021 Study which surveyed 1,000 American workers about their sentiment around their current jobs and the future of work. The study highlights a positive nationwide productivity statistic with 70 percent of those employees reporting being "more … [More]

Annual US Home Price Appreciation Reaches Double Digits in January, 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 January 2021. 2020 was a landmark year for the housing market. Factors such as record-low mortgage rates encouraged first-time homebuyers to dip their toe into the housing market and allowed home price … [More]

Stimulus: What Is the REAL Impact?

by RaeAnne Marsh

Between the U.S. Small Business Administration’s Paycheck Protection Program and its Economic Injury Disaster Loan & Advance Programs, a total of $13.18 billion in federal financial support has flowed into our state to help small businesses during the pandemic, according to the Arizona Commerce Authority. “Just over 96,000 Arizona PPP loans have been approved in all rounds … [More]

Phoenix and COVID Recovery

by Eric Jay Toll

The city of Phoenix made a $14 million investment to keep its small businesses operating. The city offered four grants for restaurants, small businesses with fewer than 25 employees, microbusinesses with five or fewer on the payroll and airport concessionaires. Phoenix was one of the few cities in the U.S. to include help for gig-economy workers and home-based businesses. The … [More]

The Wealth Hoarders

by Mike Hunter

For decades, a secret army of tax attorneys, accountants and wealth managers has been developing into the shadowy Wealth Defence Industry. These “agents of inequality” are paid millions to hide trillions for the richest 0.01%. In this book, inequality expert Chuck Collins, who himself inherited a fortune, interviews the leading players and gives a unique insider account of how … [More]

Big Mistakes Small Businesses Must Avoid in 2021

by Gena Jones

Naturalist Charles Darwin famously said, “It is not the strongest of the species that survives; it is the one that is the most adaptable to change.” What is true for members of the natural world has never been more true for the small business owner. Stop-and-go government regulations and rapidly changing economic conditions have given small businesses plenty to adapt to this … [More]

Do You Trust Your Tap Water? New Survey Finds Black and Hispanic Americans Do Not

SOURCE Global, PBC

According to a new survey released today and commissioned by Tempe-based SOURCE Global, PBC, America’s communities of color are increasingly concerned about the safety of the water they drink. The survey showed that people in communities of color: Are far less confident in the quality and safety of their water Just 24 percent of Black Americans and 19 percent of Hispanic … [More]

U.S. Weekly Jobless Claims Decline, Weather and Optimism Factored In

U.S. Department of Labor

In the week ending February 20, the advance figure for seasonally adjusted initial claims was 730,000, a decrease of 111,000 from the previous week's revised level. The previous week's level was revised down by 20,000 from 861,000 to 841,000. The 4-week moving average was 807,750, a decrease of 20,500 from the previous week's revised average. The previous week's average was … [More]

Vaccine Could Boost Listings Ahead of Home Shopping Season

zillow

The COVID-19 vaccine is likely to add more buyers and sellers to an already red hot real estate market.  A new survey from Zillow finds a large majority (70%) of homeowners say they would be comfortable moving to a new home after widespread COVID-19 vaccine distribution, a meaningful bump from the 52% who currently feel that way. That amounts to homeowners in more than 14 … [More]

42% of U.S. Workers Want Employers to Delay Re-Opening Until Vaccines Widely Available

Eagle Hill Consulting

As the U.S. ramps up coronavirus vaccinations, new national research finds that many U.S. workers (42 percent) indicate that their employer should wait to re-open until COVID-19 vaccines are more widely available to employees. About one-quarter (26 percent) say employees should be required to take a COVID-19 test before entering the workplace, while 37 percent say testing … [More]

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