For every 10 jobs that exist in leisure and hospitality, there's a job opening with hotel employment in the U.S. 20% below where it was pre-pandemic.
New Vehicles
Drivers are snatching up available vehicles as soon as they hit the lot. In the first quarter, 41% of all new vehicles were sold within the first week of sitting on a dealer lot, compared with 20% in the first quarter of 2021.
Dow Drop
The Dow dropped about 550 points, wrapping up stocks’ worst quarter in two years as investors juggled war, inflation and rising interest rates.
4% Mortgages
The average mortgage rate on a 30-year home loan surged past 4% for the first time in three years in March.
401(k) Withdrawals
About 80% of people subject to mandatory retirement account distributions withdraw more than the required minimum because they need the money.
Corporate Travel
Big corporate travel-management companies are hovering around 50% of 2019 booking levels, much of which is due to the lack of international travel.
Home Values
The value of a typical U.S. home in 2021 was $321,634, an increase of $52,667 from 2020.
Inflation
The Wharton School of the University of Pennsylvania estimates that last year’s inflation required the average household to spend around $3,500 more to achieve the same level of consumption of goods and services as in 2019 or 2020.
Construction Jobs
The number of construction job openings as of January is 380,000, that's up from 299,000 a year prior.
Half Point Increases
Federal Reserve Chairman Jerome Powell said the central bank was prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concluded such steps were warranted to bring down inflation.