The leisure and hospitality sector once again led the job gains, adding 380,000 payrolls, with restaurants and drinking places accounting for the lion’s share of that total (+253,000). Notable gains also occured in local government education (+221,000), education and health care (+87,000) and professional and business services (+60,000), as those… Read More »State of the Job Recovery
Current forecast from The Wedding Report based on June 2021 survey of 2229 consumers and 283 businesses: 2021 – 1.93 million weddings with an average spend of $22.5k2022 – 2.47 million weddings with an average spend of $24.3k 2023 – 2.24 million weddings with an average spend of $24.9k From: https://wedding.report/index.cfm/action/blog/view/post/pid/1606/title/2021_Covid_19_Wedding_Market_Update
With spending up and debt down it can only mean that consumers are paying off their outstanding debt. Credit card balances reflect a combination of revolving debt, which are the balances the consumers carry from billing period to billing period, and transactions, which are consumer purchases that get paid off… Read More »Aggregate Balances of all Credit Cards in the U.S.
This measure comes from dividing the civilian noninstitutionalized population who are employed by the total noninstitutionalized population and multiplying by 100. This follows the national trend pretty closely.
The Local Area Unemployment Statistics (LAUS) program is a federal-state cooperative effort in which monthly estimates of total employment and unemployment are prepared for over 7,500. We continue to see a steady influx as people are relocating the state.
Job openings are at an all-time record high of 9.2 million.
Household spending rose in June even more than economists had expected, according to new government data out Friday.
Personal income increased $26.1 billion, or 0.1 percent at a monthly rate, while consumer spending increased $155.4 billion, or 1.0 percent, in June. Compensation increased in June while pandemic-related assistance programs declined.
Real gross domestic product (GDP) increased at an annual rate of 6.5 percent in the second quarter of 2021, reflecting the continued economic recovery, reopening of establishments, and continued government response related to the COVID-19 pandemic. In the second quarter, government assistance payments in the form of loans to businesses… Read More »Real GDP: Percentage Change Over Last Quarter
Streaming accounts for 27% of TV viewership. Where Netflix is still the big dog.