Job Growth Surges Past Expectations in May, Bolstering Odds of Fed Rate Hike

Exceeding expectations, the U.S. economy added 172,000 new jobs in May, while the national unemployment rate remained locked at 4.3% for the third consecutive month. The latest report from the Bureau of Labor Statistics released Friday showed that nonfarm payroll growth last month far surpassed prel

The Starter Home Is Gone—Now America Is Losing the Starter Rental, Too

America has spent years mourning the death of the starter home, and with it, the dream of homeownership. But for young adults today, the housing crisis began much earlier—with the disappearance of the starter rental. Before most people get a mortgage, they need that first lease: the cheap studio, re

Fed Official Warns of Interest Rate Hike if Inflation Doesn’t Cool

Dallas Federal Reserve President Lorie Logan has warned that the central bank may need to increase interest rates this year to rein in inflation before it gets out of control. One of the Federal Reserve's most hawkish members and a voting member of the Federal Open Market Committee (FOMC), Logan mad

Medical Deserts Are Trapping Seniors—but the Wealthy Found a Way Out

The housing crisis is colliding with a shortage of healthcare workers, and the combination could threaten the ability of seniors to age in place. Today, the U.S. is short nearly 85,000 physicians across all specialties. By 2038, that deficit is projected to grow to 141,000 physicians, according to t