INDIANAPOLIS (WISH) – Here’s a look at Friday’s business headlines.
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.
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.
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.