Inside the Economy: Jobs & Housing

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss jobs and housing. Layoffs and initial jobless claims remain at low levels, along with increases in the labor participation rate. Mortgage payments as a percentage of income have jumped as we continue to see mortgage rates increase and home prices adjust down, but how is this different from what we saw in 2008? Tune in to learn about this and more! Key Takeaways: • Jobless claims hold steady • Corporate profit margins on solid footing • Mortgages approaching 6% • Consumer spending starting to slow