This is the one part of the labor market where workers have less bargaining power

This is the one part of the labor market where workers have less bargaining power

Friday’s jobs report showed surprising strength in the labor market, but there are signs that all may not be well for all workers. Quitting in low-wage sectors such as retail, leisure and hospitality is slowing down, said Nick Bunker, an economist at Indeed Hiring Lab. That means people working in those sectors probably have less … Read more

Peek Inside the Ritzy Real Estate of the Late Ivana Trump and with Roe v. Wade overturned, Georgia allows pregnant women to claim embryos as dependents — and it may not be the last state to do so

Hi, MarketWatchers. Don’t miss these top stories. Fed’s Mary Daly says ‘I don’t feel the pain of inflation anymore’ — here’s the full context of her remarks The San Francisco Fed president also said ‘we have to worry’ about those who can’t afford rising prices in an interview Wednesday. Here’s what she said in full. … Read more

Are you a millennial? Your net worth has likely doubled since the pandemic began and the No. 1 emerging real-estate market in America is also the RV capital of the world

Hi, MarketWatchers. Don’t miss these top stories. Are you a millennial? Your net worth has likely doubled since the pandemic began (but there’s one big caveat) Millennials’ net worth has jumped 106% to $9.38 trillion as of the first quarter of 2022. Read More ‘We get hundreds of thousands of dollars in royalties’: My late … Read more

Stock market turbulence may not be scaring off retail investors: ‘We’re not seeing investors respond the way they typically have’

For all its downward dips so far this year, the stock market may not be scaring off many retail investors, polling and purchase data suggest. One quarter (26%) of people said the stock market is the best place to tuck away money they won’t need to tap for a decade, according to a new Bankrate.com … Read more

Rents are hitting new highs, but renting is still cheaper than owning. Here’s why.

Rents are hitting new highs, but renting is still mostly more affordable than owning a home in most big cities, according to a new report. The national median rent rose for the 16th straight month and reached $1,876 in June, a new high, according to a Realtor.com’s June Rental Report. That’s pricey, but still 29.9% … Read more

The cities where home prices are poised to drop in the next couple of years, according to one expert

Mortgage rates are cooling off after rising sharply. But expect home prices to start slowing, and even dropping, in some of the most overheated markets in the country over the next couple of years. With the average on the 30-year fixed-rate mortgage at 5.7%, some would-be buyers are spooked by the higher borrowing costs and … Read more