Most people need to work and generate income to sustain themselves and their families. Having the right job is an essential part of that. Take a look at this Weekly Round-Up as we discuss the latest news around the employment and the job market. As a nonprofit credit counseling agency, we at ACCC enjoy keeping up with finance-related news.
Weekly Round-Up With The Latest Job Market & Employment News
Affordable Tech Cities Beyond San Francisco
As a former resident of San Francisco, I can speak to the truly insane cost of living. While there are serious perks that come along with this great city, the real estate market is very limiting (p.s. – our advice is to take a homebuyer course if you’re buying your first house!). Many are finding jobs or hoping to find jobs in other metro areas that have a more reasonable housing market. Read more on how housing affects the job market for tech companies in this CNBC article (“Forget San Francisco: 5 Cities where Bay Area techies would rather live” by Darla Mercado, CFP).
US Jobs Growing Slowly
A recent study showed that the US job market in the private sector has been slowing down. According to Yahoo Finance, “The U.S. private sector added a disappointing 102,000 positions in June, lower than the 140,000 positions Wall Street was predicting.”
The article mentions that construction, hospitality and small businesses were hit hard. Check out this full June job market article (“U.S. private sector employment grows at disappointingly slow pace” by Heidi Chung).
Thanks for tuning into this Weekly Round-up on the job market. See you next week! If you’re struggling to pay off debt, sign up for a free credit counseling session with us today.