Monthly Archives: May 2022

Some Good Economic News

If you have been keeping up with the latest financial news, it probably seems as though everything is going terribly. Inflation is at its highest in 40 years, gas prices are sky-high, buying a home is difficult to afford, interest rates for loans are creeping up, etc. But there’s actually a lot of good news—here are a few positive developments.

*The U.S. Economy added over 430,000 new jobs in March, 2022 and the unemployment rate is now around 3.6% (historically very low)

*Worker pay in the U.S. rose 5.6% since March of last year.

*U.S. gas prices peaked in mid-March, 2022 and are now declining. The current national average is $4.23 per gallon.

*U.S. household credit card balances remain $71 billion lower than they were prior to the pandemic.

*The summer tourism industry may be rebounding: U.S. travel bookings are up 58% for this upcoming summer compared to last year.

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