Bureau of Labor Statistics
that the economy added 559,000 jobs in May, with the unemployment rate at 5.8 percent.
Of the 7.6 million jobs that remain lost from the pandemic, close to 2.5 million are in the Le
isure and Hospitality industry, which includes restaurants, hotels, and entertainment venues. The biggest challenge persists in people s willingness to return to work, as they receive equivalent to the industry s average wage, depending on the state, in unemployment benefits and the additional $300 federal stimulus. The challenge to find skilled and service workers remains a real threat to company growth and productivity. The difficulty of filling both white- and blue-collar roles creates hardships to keep up with demand across industries – inevitably impacting a full economic recovery in those sectors and the local areas in which they operate, says Jay Denton, chief analyst for ThinkWhy.
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SANTA CLARA, Calif., June 3, 2021 /PRNewswire/ The U.S. median home price continued its double-digit appreciation in May reaching a new an all-time high of $380,000, but in a good sign for home shoppers contending with a competitive housing market, the rate of price growth moderated for the second time in 13 months,
1 according to the Realtor.com
®
In what is looking more like a typical home-buying season, sellers continued to come to the market in May with new listings up 5.4% year-over-year. However, with less than half the total number of homes for sale compared to last year, homes are selling 32 days faster than a year ago and 18 days faster than 2017-2019. It is important to note that the housing market stalled during the early days of the pandemic last April and May, exaggerating many of the year-over-year comparisons. To provide perspective, 2017-2019 comparisons are provided when appropriate.
15 Cities With the Highest HOA Fees
Homeowner association fees can take a big bite out of your budget in these cities.
Editor s Note: This story originally appeared on Inspection Support Network.
When considering whether to buy a home, homeowner association (HOA) fees need to be factored into the decision. In some cities, HOA fees can cost hundreds of dollars per month, making up a significant portion of monthly housing costs. According to data from the U.S. Census Bureau, among homeowners with a mortgage who pay HOA fees, the median HOA fee is $290 per month and about 6% of homeowners pay them, but both the dollar amount and the proportion who pay vary widely across the country.