The New Normal: What do the decreasing unemployment numbers across the country mean for people?
News 12’s Erin Colton was joined this morning by certified public accountant and economic development consultant Marty Cantor to talk about the decreasing numbers of unemployment claims in the United States and what it means for the future.
Unemployment claims dropped 28,000 last week alone to 187,000. This marked the lowest amount in the country in 52 years. Cantor explains that people plan to spend less than they usually do.
Cantor says that the federal government is expected to come up with a more effective strategy to bring down inflation faster. How will that impact people expected to buy new homes?
The war in Ukraine is also having an impact on America’s economy in terms of exports. How is that going to impact everyday food costs?