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The housing affordability crisis is sparing no one. But rural America is feeling particular strain.In rural America, prices continue to rise and incomes haven't kept up, according to a new report from Redfin. The convergence of both factors is causing housing affordability to "erode faster than big cities and suburbs." Homeowners need an annual income of $74,508 to afford a median-priced home in rural U.S. counties, up a staggering 105.8% from […]

Labor Secretary Lori Chavez-DeRemer praised Thursday’s stronger-than-expected September jobs report as "solid" for the American people, after new data showed the U.S. economy added 119,000 jobs, more than double the 50,000 economists had forecast."This is a solid report for the American people, a solid report for job growth," Chavez-DeRemer said on "Varney & Co.""This is exactly why we needed to open up the government so we could release the data […]

The minutes of the Federal Reserve's policy meeting last month show that the path for interest rate cuts in December and early next year is far from certain.Policymakers on the Federal Open Market Committee (FOMC) were divided at their late October meeting over whether there should be an additional rate cut at their next meeting in mid-December amid concerns about a softening labor market and rising inflation.The Fed cut rates for the […]

Thursday’s jobs report added to mounting evidence that the U.S. labor market is losing steam.The September report, compiled by the Bureau of Labor Statistics (BLS), found that employment in July and August was overstated by 33,000. Job creation in July was revised down by 7,000 from a gain of 79,000 to 72,000 and job gains in August were lowered by 26,000 from a gain of 22,000 to a loss of 4,000. US […]