A new Redfin report finds Black Gen Zers and millennials are half as likely as their white peers to own homes, as wage, wealth, credit, and systemic barriers continue to widen the racial homeownership gap among younger Americans
Stronger-than-expected job growth signals steady economic resilience, extends horizon for likely next rate cut
Uptick in unemployment could boost odds of Fed rate cut
June's job report released
Housing market expected to see delayed boost from lower mortgage rates.
Robust job growth surpasses expectations, marking a strong finish for the labor market in 2023, while the Federal Reserve hints at no further interest rate hikes.
ADP's National Employment Report reveals continued job growth, with December figures exceeding estimates and revising November numbers down slightly.
Construction sector remains flat.
Leisure and hospitality sectors lead the surge, but transportation and warehousing see sluggish growth; economists warn of potential impact on lending activity.
Large establishments lose 83,000 jobs, offsetting August's gains.