{"id":1203,"date":"2020-10-20T14:11:02","date_gmt":"2020-10-20T14:11:02","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1203"},"modified":"2022-07-04T23:48:35","modified_gmt":"2022-07-04T23:48:35","slug":"americans-gaining-confidence-economy","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/americans-gaining-confidence-economy\/","title":{"rendered":"Americans Are Gaining Confidence in the Economy"},"content":{"rendered":"
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Americans Are Gaining Confidence in the Economy<\/p><\/div>\n

The\u00a0September Jobs Report<\/a>\u00a0issued by the\u00a0Bureau of Labor Statistics<\/em>\u00a0reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There\u2019s no way to minimize the tremendous impact this pandemic-induced recession continues to have on many Americans.<\/p>\n

However, the latest\u00a0Home Purchase Sentiment Index<\/a>\u00a0from\u00a0Fannie Mae<\/em>\u00a0shows how more and more Americans believe the worst is behind us, and their personal employment situation is good. The index revealed:<\/p>\n

\u201cThe percentage of respondents who say they are not concerned about losing their job in the next 12 months increased from 78% to 83%, while the percentage who say they are concerned decreased from 22% to 16%. As a result, the net share of Americans who say they are not concerned about losing their job increased 11 percentage points.\u201d<\/em><\/p><\/blockquote>\n

Americans Are Game-Changers Too<\/strong><\/h4>\n

Americans are naturally optimistic and have always responded to challenges with both resiliency and resourcefulness. Today is no different. As an example, the\u00a0Wall Street Journal<\/em>\u00a0(WSJ) just\u00a0reported<\/a>:<\/p>\n

\u201cAmericans are starting new businesses at the fastest rate in more than a decade, according to government data, seizing on pent-up demand and new opportunities after the pandemic shut down and reshaped the economy.\u201d<\/em><\/p><\/blockquote>\n

Why would someone start a business in the middle of an economic crisis? The WSJ explains:<\/p>\n

\u201cThe jump may be one sign that the pandemic is speeding up \u2018creative destruction,\u2019 the concept\u2026to describe how new, innovative businesses often displace older, less-efficient ones, buoying long-term prosperity.\u201d<\/em><\/p><\/blockquote>\n

The WSJ also notes that these new businesses will have a positive impact on the overall employment situation, as new businesses\u00a0\u201care a critical engine of job creation. Startups have historically accounted for around one-fifth of job creation.\u201d<\/em><\/p>\n

Bottom Line<\/strong><\/h3>\n

For the millions of Americans still unemployed, we hope for a quick return to the workforce. We should, however, realize that over 90% of people are still employed, and some are venturing into new business start-ups. Perhaps the next big game-changing company is right around the corner.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

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THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

Americans are naturally optimistic and have always responded to challenges with both resiliency and resourcefulness. Today is no different. Finish Reading Americans Are Gaining Confidence in the Economy<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[266,199,167,152,10,18,91,42,23,63,20,48,13,47,19,93,6],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1203"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1203"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1203\/revisions"}],"predecessor-version":[{"id":1205,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1203\/revisions\/1205"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}