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Stockland profit falls in tough conditions Read more
The report found that despite rising consumer debt, growth in household debt and a strong job market, wages remained stagnant. The number of employees working rose marginally in the three months to 31.9 million, while the share of households paying mortgage interest declined from 17% to 15% and mortgage lending fell from 17% to 15%.
The Office for National Statistics has said that the share of Americans making more than $250,000 a year is at its highest level since the government began keeping official statistics. The number of people with jobs has fallen to its lowest level since 1992, while the stock market has climbed nearly 10% since it peaked in June 2008.
The biggest drop occurred among households with two-earner households, with unemployment peaking at 9.3% while the share of those paying down their mortgages rose.
Households made up nearly 50% of the workforce in 2015. They now make about half of all workers.
But the survey said the proportion of young people living at home has fallen from 24% in 2011 to 23% in 2016. The share of 18 to 24-year-olds in work increased to 37% in 2015 from 31% a decade earlier.
What did you think of the analysis?
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Stockland profit falls in tough conditions Read more
The report found that despite rising consumer debt, growth in household debt and a strong job market, wages remained stagnant. The number of employees working rose marginally in the three months to 31.9 million, while the share of households paying mortgage interest declined from 17% to 15% and mortgage lending fell from 17% to 15%.
The Office for National Statistics has said that the share of Americans making more than $250,000 a year is at its highest level since the government began keeping official statistics. The number of people with jobs has fallen to its lowest level since 1992, while the stock market has climbed nearly 10% since it peaked in June 2008.
The biggest drop occurred among households with two-earner households, with unemployment peaking at 9.3% while the share of those paying down their mortgages rose.
Households made up nearly 50% of the workforce in 2015. They now make about half of all workers.
But the survey said the proportion of young people living at home has fallen from 24% in 2011 to 23% in 2016. The share of 18 to 24-year-olds in work increased to 37% in 2015 from 31% a decade earlier.