Inside the Economy: Unemployment & Personal Savings

SHJ Wealth Advisors

This week on “Inside the Economy”, we look at unemployment and personal savings. Unemployment has continued to be a driver for the Fed decisions and after recently ticking back up, the unemployment rate has begun to slide down. What is causing such a robust employment market? With inflation on its slow decline, we are starting to see personal savings begin to move upward. How does the housing and rental market play a role in this going forward? Tune in to learn about this and more! Key Takeaways: • Q1 GDP revised up to 2 • 2-year bond approaches 5% • Oil moves back above $70 • Mortgage rates cross over 6.8%