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The U.S. Job Market Is Slowing — Should We Be Worried?

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Slowing job growth may curb inflation but can reduce disposable incomes, purchasing power, and overall economic output, potentially signaling underlying structural issues like skills mismatches or economic vulnerabilities. In stark contrast, in 2024 the average monthly job creation rate fell to 245,500. million in February.

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2023 Financial Forecast: How to Prepare for the Year Ahead

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Now, for the good news: Although there’s bound to be factors that are beyond your control, feeling more confident about your finances can help you navigate whatever comes your way. Meanwhile, after a multi-decade period of low interest rates, it’s now more expensive to borrow money from lenders (such as credit card issuers).

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