Articles by tag: U.S. economy
For a better perspective on the U.S. economy, looking behind the numbers for a proper understanding of where things stand is helpful. As Americans grapple with the shifting dynamics of its economy, a new narrative has emerged, challenging the collective understanding of where the economic heartbeat of our nation truly resides. People have grown […]
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U.S. Consumer Debt Hits a Record High. To Maneuver This Debt Avalanche, Consumers Need Accurate Credit Reports.
Caught between a rock and a hard place, American consumers face a growing debt crisis as the New York Fed’s Q4 2022 Household Debt report reveals a staggering $16.9 trillion in consumer debt. Credit card balances have grown 15.2% year-over-year and 6.6% quarter-to-quarter, marking the highest quarterly growth on record. The report highlights that […]
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Inflation Rates Ease, But Long-Term Contracts Keep Prices High
With inflation rates easing and shipping costs dropping along with several commodities (not eggs), consumers may be wondering why they haven’t seen a noticeable price difference yet. Blame it on supplier contracts. A typical procurement practice is shoring up supplier contracts in advance, which means prices could hold for several months. The longer high prices […]
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November’s U.S. Jobs Market: A Closer Look at What the Numbers Reveal
Economists have sounded the alarm bells of a coming recession for so long that it might surprise some that the U.S. isn’t yet in one. Once again, the jobs market stayed strong in November, with employers adding 263,000 jobs. And the Labor Department said the unemployment rate was at 3.7%, close to the lowest level […]