Inside the Economy: Labor & Interest Rates

SHJ Wealth Advisors

This week on “Inside the Economy”, we discuss labor and interest rates. With jobless claims and unemployment remaining relatively stable, how have hourly earnings changed since the pandemic and what does this mean for the labor market as we look ahead? As interest rates have risen from previous multi year lows, what does a higher interest rate environment look like for housing, commercial real estate, and U.S. loans? Tune in to learn about this and more! Key Takeaways: • Oil touches $80 • Unemployment rate at 3.9% • 30-year mortgages above 7.5%