Washington State takes the 4th slot on highest unemployment rate along with Illinois – with both states rising to 4.9% in May

In May 2024, both Washington State and Illinois experienced an unemployment rate of 4.9%. While Washington’s economy added an estimated 16,000 jobs during that period, Illinois saw an increase of 12,700 nonfarm payrolls. It’s interesting to note that last summer, Washington’s unemployment rate was a record …

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31% of recent home buyers struggled due to budget issues and high rates; 69% of US consumers fear a recession within the next year, rising sharply recently.

The recent insights into consumer sentiment and economic outlook paint a complex picture of financial strain and diverging spending patterns across different segments of the economy. With 31% of recent home buyers citing financial challenges like budget constraints and high …

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Valentina Gomez is a rising star.

Republican Valentina Gomez, who’s running for Missouri Secretary of State, has posted a video on her social media telling voters not to be “weak and gay”. “In America, you can be anything you want, so don’t be weak and gay,” …

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Retirement funds de-risking with bond shift; Global managers raise commodities exposure; US “super-core” inflation is rising fast

Amid market uncertainty, retirement funds opt for safer bonds, while global managers increase commodities exposure to hedge against volatility. Amid market uncertainty, retirement funds opt for safer bonds, while global managers increase commodities exposure to hedge against volatility. Meanwhile, despite …

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Fed’s preferred metric surges above 8%; 10-year Treasury yield officially back above 4.6%; Power bills will keep rising.

Despite expectations of inflation tapering, the Federal Reserve’s favored inflation gauge surpasses 8%, highlighting ongoing economic strains. March’s Consumer Price Index (CPI) records a significant uptick at 3.5%, the highest since September 2023, with Core CPI outperforming forecasts for four …

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