Unemployment rate

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US Economy in 2023: Jobs Boom, Housing Slump, and Record Stock Market

#businessinvestment #COVID19pandemic #economicperformance #exports #federalreserve #gdpgrowth #geopoliticaltensions. #homesales #housingmarket #inflation #jobgrowth #SP500Index #Stockmarket #tradedeficit #unemploymentrate #USeconomy2023 #wages Mixed Economy Pictures, Mixed Economy, Job Growth, Business Vision Board, Business Vision, Unemployment Rate, Price Increase, Charts And Graphs, Business Investment

The US economy in 2023 showed a mixed picture of economic performance, according to data from various charts and graphs. Job growth continued, with the unemployment rate reaching a historic low of 3.4%. Wages also increased, rising by 4.1% year-over-year. However, inflation remained a concern, with consumer prices increasing by 3.5%. The housing market experienced a slowdown, with home sales dropping by 10% compared to the previous year. This was attributed to higher mortgage rates and a…

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Home loan borrowers have seen a steep rise in their EMIs due to repo rate rise of 2.5% in last one year. A home loan taken at 7% for 20 years would have seen an increase in total interest outgo by 136% if the tenure increased to 30 years and then EMI would have gone up to accommodate the impact of the overall repo rate hike taking the interest rate to 9.5%. Unemployment Rate, Mortgage Interest Rates, Home Equity, Mortgage Payment, Interest Rates, Mortgage Rates, Real Estate Investor, Housing Market, Home Loans

Home loan borrowers have seen a steep rise in their EMIs due to repo rate rise of 2.5% in last one year. A home loan taken at 7% for 20 years would have seen an increase in total interest outgo by 136% if the tenure increased to 30 years and then EMI would have gone up to accommodate the impact of the overall repo rate hike taking the interest rate to 9.5%.

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