Home foreclosures in March 2022 reached highest level in two years as market continues to account for foreclosure ban during lockdowns along with quickly tightening mortgage loan market which saw rates hit 6.875% in April.
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American labor costs jump the most on record at nearly double the pace as before the lockdowns. Another challenging sign to hopes of a quick recovery.
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For the first time since 1981’s painful double digit inflation and recession, America experiences a stagflationary quarter with inflation above 8.5% and GDP at -1.4%. largely before the March 2022 Fed tightening of interest rates by a quarter point.
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At the highest rate in 45 years, Americans are saying no to even being available to work. On a steady decline over 20 years, the labor participation rate has yet to recover to pre-lockdown levels despite a sharp recovery in mid-2020 from near record lows.
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98.6% Of American Workers Earn More Than The Federal Minimum Wage, A Highly Positive Fact Often Overlooked By The Consistent Debate On Raising The Minimum Wage To Perhaps As High As $30 An Hour In The Coming Years
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Inflation hit goods and services from across the American economy as nearly every measure of the Consumer Price Index was effected by inflation in March 2022.
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Oil reached $100 a barrel as markets drove up the spot market for crude and a number of other goods in a sign that traders are betting on further shortages and political chaos as China lockdowns continue and much of the globe faces economic challenges not seen in over 40 years.
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Inflation Rises by 8.5% in March 2022 faster than at any time in nearly 11 presidential terms. While price and asset inflation reach a generational high, we help you understand the challenges ahead.
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