Higher rates have already sent home sales tumbling, made the prospect of buying a new car more burdensome and pushed credit card rates up.Īll of those factors paint a divergent and confusing picture of the post-pandemic economy: Inflation is hammering household budgets, forcing consumers to pull back on spending, and growth is weakening, heightening fears the economy could fall into recession. That follows June's three-quarter point hike and another half-point increase in May. In response, the Federal Reserve raised its main borrowing rate by another three-quarters of a point last week. South winds 5 to 10 mph with gusts up to 20 mph. Throughout the year, the water temperature in Bar Harbor does not rise above 68☏ and therefore is not suitable for comfortable swimming. August average water temperature in Bar Harbor is 57.4☏, the minimum temperature is 52.9☏, and the maximum is 65.3☏. economy shrank 0.9% in the second quarter, the second straight quarterly contraction.Ĭonsumer prices are still soaring, up 9.1% in June compared with a year earlier, the biggest yearly increase in four decades. 10-Day model forecast maps 2022 Hurricanes: BAR HARBOR, ME 04609 Weather Forecast: Snowfall Forecast pages Snow Depth pages: ISSUED 1206 PM EDT Thu Jul 28 2022: THIS AFTERNOON Partly sunny. Sea water temperature in Bar Harbor is expected to drop to 57.4☏ in the next 10 days. The government said last week that the U.S. Other indicators point to some weakness in the U.S. A host of other companies, particularly in the tech sector, have announced hiring freezes. Though the labor market is still considered strong, there have been some high-profile layoffs announced recently by Tesla, Netflix, Carvana, Redfin and Coinbase. but had been prevented by the weather at that time, ) and where she took in 13. Starting at the town pier, follow along this. If you’re really looking to get a sense of Bar Harbor, then the Shore Path is the right way to go. The Labor Department's jobs report for July, due out Friday, is expected to show that employers tacked on another 250,000 jobs last month, which would be a healthy number in normal times but would be the lowest since December 2020, when the global economy was being ravaged by the pandemic.Įconomists expect the unemployment rate to hold at 3.6% for the fifth straight month. Dear Sir, -I intend to load my vessel in ten days time with pork. With a population slightly over 5000, Bar Harbor remains a tight knit community with an affinity towards the ocean, but the summer months have the place swarming with tourists. Job openings, which never exceeded 8 million in a month before last year, had topped 11 million every month from December through May before dipping in June. Job openings fell to a still-high 10.7 million in June from 11.3 million in May. On Tuesday, the Labor Department reported that American employers posted fewer job openings in June as the economy contends with persistently high inflation and rising interest rates. That figure has been near 50-year lows for months. The total number of Americans collecting jobless benefits for the week ending July 23 rose by 48,000 from the previous week, to 1,416,000. The four-week average for claims, which evens out the weekly ups and downs, also rose from the previous week, to 254,750. First-time applications generally reflect layoffs.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |