In the week ending November 14, the advance figure for seasonally adjusted initial claims was 742,000, an increase of 31,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 709,000 to 711,000. The 4-week moving average was 742,000, a decrease of 13,750 from the previous week's revised average. The previous week's average was … [More]
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Survey: 70% of Hotels Won’t Survive without More COVID Relief
American Hotel & Lodging Association
With a resurgence of COVID-19 and renewed travel restrictions enacted in many states, a new survey of American Hotel & Lodging Association (AHLA) members shows that the hotel industry will continue to face devastation and significant job loss without additional relief from Congress. Seven in ten hoteliers (71%) said they won’t make it another six months without further … [More]
Survey Reveals Employee Productivity & Engagement during Covid-19
Ten Spot
Ten Spot, the workforce engagement platform that keeps your employees connected, announced the results of its national employee survey, Employee Productivity & Engagement During Covid-19. The findings provide insight into the productivity and engagement levels of those who have been working from home since the pandemic started, and the challenges they've encountered. … [More]
Hiring Software Co. Study Shows What’s Ahead for 2021 Job Market
ThinkWhy
ThinkWhy, a SaaS company helping businesses navigate the labor market, has released a 2021 job market outlook report encompassing an analysis and forecast of the 2021 job market with recovery projections through 2025. Including major themes for the year to come, as well as a look at the impact of COVID-19 on the 2020 labor market, the 2021 Outlook report includes recovery … [More]
Arizona, Colorado & Nevada Hardest Hit by Q3 Middle Market Business Bankruptcies
Resolute Commercial Services
Middle market businesses in Arizona, Colorado and Nevada have been hit the hardest by COVID-19 in the nine-state Rocky Mountain West region, according to bankruptcy statistics outlined in the current Resolute Index prepared by Resolute Commercial Services. Identifying Regional Trends The Resolute Index is a quarterly summary of noteworthy trends in bankruptcy filings and … [More]
Report Details Airfare Pricing Trends, Emerging Destinations and Traveler Priorities
Airlines Reporting Corp.
Airlines Reporting Corp. (ARC), in collaboration with Expedia.com®, today released the 2021 Travel Trends Report, which analyzes extensive travel data from Expedia and ARC to uncover key search and booking trends for travelers. Top insights in the report include money-saving strategies for purchasing travel, evolving traveler priorities, and trending destinations … [More]
Survey: 7 out of Ten Americans Unlikely to Travel for Holidays
American Hotel & Lodging Association
A new national survey commissioned by the American Hotel & Lodging Association (AHLA) shows that many Americans are not expected to travel this holiday seasons. Results show that 72% of Americans are unlikely to travel for Thanksgiving and 69% are unlikely to travel for Christmas, compounding the challenges for the hotel industry during this public health … [More]
Housing Confidence and Job Satisfaction Increases among Key Highlights, Says Survey
Greater Phoenix Chamber
The Greater Phoenix Chamber recently released the Arizona Business Index™ (ABI™), powered by OH Predictive Insights (OHPI). The study measures and interprets the health of the Arizona economy from the perspective of the Arizona consumer. The Index reflects consumers’ perceptions of both current economic conditions and future expectations. In addition to consumer sentiment, the … [More]
More than 40% of Minority-Owned Businesses, Beauty Salons & Restaurants Struggled Paying November Rent
Alignable
A rent poll, conducted among 8,092 small business owners from 10/24-10/27/20 by Alighnable, found that 44% of minority-owned small business owners could not afford to pay their full rent on time in November. That's compared to 35% of women-owned businesses and 32% of nonminority-owned small companies. Similar trends were seen among minority-owned and women-owned … [More]
Holding Steady: Foreclosures Remain Low While Serious Delinquencies Continue to Build Up
CoreLogic
CoreLogic, a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for August 2020. On a national level, 6.6% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure). This represents a 2.9-percentage point increase in the overall … [More]
Strong Buyer Competition is Pushing Homes to Sell Above List Price
Zillow
In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow® analysis finds the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. That is great news for prospective sellers who want to maximize their return from a potential home sale. In September, 22.4% of homes … [More]
U.S. Weekly Jobless Claims Remain High, Record Numbers Out of Work
U.S. Department of Labor
In the week ending November 7, the advance figure for seasonally adjusted initial claims was 709,000, a decrease of 48,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 751,000 to 757,000. The 4-week moving average was 755,250, a decrease of 33,250 from the previous week's revised average. The previous week's average was revised … [More]
Consumer Price Index Unchanged Last Month, Slow Growth Ahead
U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis after rising 0.2 percent in September, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.2 percent before seasonal adjustment. Component indexes were mixed, with many offsetting increases and … [More]
Consumer Surveys Drive Stock Prices, Research Shows
Rice University
New research co-authored by a Rice University professor of marketing finds that businesses interested in improving their stock prices should focus on improving customer satisfaction. The study, published in the Journal of Marketing Research, analyzed quarterly data from 273 companies over a 10-year period and found that short interest — a measure of short seller activity — … [More]
Intense Buyer Demand Continues to Drive Hot Housing Market
Zillow
Intense and persistent buyer demand is keeping the time on market for houses at incredible lows and pushing prices ever higher above 2019, according to Zillow's Weekly Market Report1. Sales remain high above last year and are expected to stay robust in the coming months. Time on market still short as pending sales stay high over 2019 Robust buyer-side demand … [More]
The U.S. Added 638,000 Jobs Last Month, the Unemployment Rate Fell Sharply to 6.9%
U.S. Bureau of Labor Statistics
Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 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. In October, notable job … [More]
Arizona Visitor Spending Down $10 Billion through September
Arizona Office of Tourism
According to Arizona Office of Tourism, spending by Arizona visitors reached $9.3 billion for Jan. - Sept. 2020, which is down $10 billion (or 52%) so far through the same time period in 2019. Travel spending had started 2020 on another record pace in January and February, before plummeting in March and April due to the pandemic. It then increased slightly in May and June, but … [More]
Small Businesses Looking to Hire in October, Having Trouble Finding Qualified Labor
NFIB
According to NFIB’s October Jobs Report, small businesses are looking to hire employees as they reported a historically high level of job openings in October. Overall, 55% of owners reported hiring or trying to hire in October, down 1 point from September. Thirty-three percent (seasonally adjusted) of all owners reported job openings they could not fill in the current period, … [More]
