Economic Trends
10 articles
Median Age of First-Time Homebuyers Reaches 40
The median age for a first-time home buyer in America reached an all-time high of 40 years old last year, according to Forbes .
Job seekers face new market challenges and alternative strategies
In April, the US economy reported adding 115,000 jobs, with the unemployment rate holding steady at 4.
Teen summer job decline hits lowest since 1948, impacting opportunities
This summer, the total number of jobs secured by teens is projected to be the lowest since the federal government began tracking youth employment in 1948, according to MyNorthwest .
The 'Nobody Wants to Work' Myth Is Wrong. It's About Evolving Expectations.
In U.S. counties with higher opioid pain medication prescription rates, labor force participation has fallen more significantly, revealing a hidden crisis behind the 'nobody wants to work' narrative.
Entrepreneurship's American Dream Fades Amidst Market Challenges
The average startup capital for a small business has surged by 40% in the last decade, far outpacing wage growth.
Small Business Creation Hits Record High, Defying Expectations
In 2023, 5.5 million Americans launched new businesses, a record-setting surge that, paradoxically, has not translated into a proportional explosion of new jobs. This wave of individual initiative is
The New Founder: Decoding the Surge in New Business Filings Among Young Adults
A new generation is rewriting the rules of work, driving a nationwide surge in new business filings as young adults in states across the country choose entrepreneurship over traditional employment.
Ohio New Business Filings Top 19,000 in March Amid Youth Trend
Ohio reported nearly 20,000 new business filings in March 2024, coinciding with a national trend of rising youth entrepreneurship. This data highlights a significant shift towards business ownership among young adults.
The Corporate Ladder Is Broken: Why Young Adults Are Building Their Own Empires
The corporate ladder is broken, and young adults are responding by building their own empires. Driven by economic necessity and a desire for agency, this generation is making a strategic pivot towards entrepreneurship.
The Degree Dilemma: Analyzing the Trend of College-Educated Workers in Low-Wage Roles
More than two in five recent college graduates are now underemployed. A data-driven look at the trend of college-educated workers in low-wage service roles reveals a tightening job market with significant economic consequences.