Slowing labor market creates new hurdle for first-time homebuyers facing affordability squeeze
The slowing U.S. labor market is presenting more challenges for a housing sector facing affordability challenges, with would-be homebuyers struggling to save amid persistent inflation and a less dynamic employment outlook.The Bureau of Labor Statistics on Friday released the jobs report for July, which showed the U.S. economy unexpectedly shed 23,000 jobs for the month, when economists had expected a gain of around 80,000. While the unemployment rate declined to […]