Sharkey, Howes & Javer

Inside the Economy: Unemployment & Personal Savings

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Synopsis

This week on “Inside the Economy”, we look at unemployment and personal savings. Unemployment has continued to be a driver for the Fed decisions and after recently ticking back up, the unemployment rate has begun to slide down. What is causing such a robust employment market? With inflation on its slow decline, we are starting to see personal savings begin to move upward. How does the housing and rental market play a role in this going forward? Tune in to learn about this and more! Key Takeaways: Q1 GDP revised up to 2 2-year bond approaches 5% Oil moves back above $70 Mortgage rates cross over 6.8%