The Great Resignation is so 2021. This year, we should replace that term with a new one, according to LinkedIn Principal Economist, Guy Berger. With millions of Americans quitting their jobs since last summer,
It may have taken a brutal twenty-two months of a pandemic to do it, but when it comes to personal finances, there is one silver lining of the New Year: 84% of Americans say that they have learned to stop worrying about what they can’t control.
A year ago, the nation's housing market, like the rest of the economy, went into a deep, COVID-induced freeze. By the summer, the real estate industry had adjusted to socially distanced open houses and buyers were trying to get ahead of what would become a long year of work and school from home.
A year of COVID-19 has devastated the US labor market. Despite recouping more than half of the 22 million jobs that vanished during the past twelve months–and a better-than-expected February report, the country still has 9.5 million fewer jobs (6.2%) than the pre-pandemic level a year ago.
On November 8, U.S. news outlets called the 2020 election, but investors had already voted with their money. After the worst week since March, stocks soared election week and recouped all of the previous week's losses–and then some. The S&P 500 soared 7.3% the best presidential election week since the 1932 election.