Friday’s business headlines
INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.
Indianapolis
The Bureau of Labor Statistics says Indianapolis is the 13th most affordable big city in the U.S.
It based this on average rent of $1,077 and a median wage of $19.67.
The pandemic has overhauled the most expensive cities-under these measures. Orlando is now more expensive than San Francisco.
Pandemic
Three in four parents dipped in personal funds to help their adult children during the pandemic.
Since 2020, 79% of parents have sacrificed their wallets to fund the lifestyle of their offspring.
Forty-seven percent of parents say they gave their children more than $1,000 and 28% say they gave more than $2,500. Nearly one-fifth of parents went the extra mile and gave their adult children more than $5,000.
Jobs
The U.S. economy likely brought back the most jobs since August last month, with payrolls jumping by $1 million and the unemployment rate improving to a new pandemic-era low as more businesses reopen.
Non-farm payrolls are expected to rise for a fourth-straight month and at an accelerating clip, with easing social distancing standards across the country helping support the recovery.
Leisure and hospitality payrolls are still down by $3.3 million compared to February 2020 levels.