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3 de December de 2024
In UP2DATE News you will find the main Financial and Economic News for the week ending December 06th, 2024.
US economy grew in recent weeks
The U.S. economy has experienced slight growth since October, with subdued job growth and modest inflation. Most regions saw minimal growth, while a few reported moderate growth. Hiring activity remains slow, and employee turnover is low.
Source: Reuters
U.S services sector slowed in November
The U.S. services sector slowed in November but remains strong. Businesses are concerned about potential tariffs that could raise prices. Nevertheless, the economic outlook is still positive.
Source: Reuters
Number of 401(k) plan and IRA millionaires hits record
The average 401(k) balance hit a record $132,300, up 23% year-over-year, with 401(k) millionaires increasing by 9.5% to 497,000. IRA balances rose 18% to $129,200, and IRA millionaires grew by nearly 5%.
Source: CNBC
US economy adds 227,000 jobs in November
The US economy added 227,000 jobs in November, exceeding expectations, while the unemployment rate rose to 4.2%. This growth follows a weak October due to hurricanes and strikes.
Source: Yahoo Finances
Black Friday spending rose 3.4% year-over-year
Black Friday in-store sales rose by just 0.7%, while online sales soared by 14.6%, reflecting a clear shift towards online shopping despite moderate inflation on holiday items.
Source: Reuters
Demand for mortgages jumped 6%
Mortgage applications rose by 2.8% last week, driven by higher demand for home purchases and lower mortgage rates at 6.69%. Purchase applications increased by 6%.
Source: CNBC
In UP2DATE News from Advise Financial you will find the main financial and financial news for all the weeks
Note: does not represent advice or offer of services, only for educational purposes.
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