Hi there, welcome to my blog! Today I'm going to write about the economy and the Stock Market, and scratch the surface on how they are related. I'll focus on some key aspects I follow that affect both of them, such as hours worked, layoffs, credit card debt, housing cost and defaults, banking data, savings, and the performance of the S&P 500 index. Let's get started! Hours Worked One of the indicators of the health of the economy is how many hours people are working. More hours worked means more income, more spending, and more production. According to the Bureau of Labor Statistics, the average weekly hours for all employees on private nonfarm payrolls increased by 0.2 hour to 34.9 hours in January 2024. This is a positive sign for the economy, as it shows that employers are confident enough to increase their labor demand.
A periodical exploring the art of investing, financial knowledge, and the stories that shape a meaningful life.