It’s good news/bad news for American young people looking for work this summer. According to the Bureau of Labor Statistics, the unemployment rate among young people aged 16 to 24 fell this summer to its lowest level in nearly 50 years. Unfortunately, the data is skewed by the far smaller number of young people actually (more…)
The Los Angeles County Board of Supervisors voted unanimously to greenlight a pilot program that pays select homeowners to build a second dwelling on their property that would be used to house the homeless. The motion was approved with a four-to-zero vote.
The worst for American retail is far from over, as lackluster earnings report from Dicks Sporting Goods Inc (NYSE:DKS) shrouds the government’s optimistic retail sales report.
A recent report shows that credit card delinquencies are increasing as American households rack up debt.
Growing Number of Borrowers Defaulting on Green Energy PACE Loans Recent research shows that an increasing number of Americans are defaulting on their green energy loans taken under the Property Assessed Clean Energy (PACE) program.
S&P/Experian Consumer Credit Default Indices on the Rise in July Standards and Poor’s and Experian have jointly released the report for consumer credit defaults for the month of July, which illustrates a rising trend in delinquencies. The jointly-prepared report, which comes out every month, depicts the monthly trend in four categories of consumer loans—bank cards, (more…)