Consumer News: Columbia rent up in March, more than four million Americans quit their jobs last month and more
Consumer News with ABC Columbia is brought to you by Grow Financial.
CNN– House hunting is wallet crushing for nearly every American tonight. Home prices have been on the rise since last year, and it doesn’t look like things are going to change anytime soon. The latest numbers from the U.S. National Home Price Index show prices rose more than 19% in January from the year before, the fourth largest year-over-year jump in the 35 years since the index came out.
COLUMBIA, SC (WOLO)– Here at home, rent prices in the Capital City increased 0.8% in March. Year-over-year rent growth in Columbia currently stands at 15.5%, compared to 6.6% during this time last year. Since the start of the pandemic in March 2020, Columbia’s rent is up by 23.1% .
COLUMBIA, SC (WOLO)– The South Carolina Department of Employment and Workforce says there was a decrease in the number of first time unemployment insurance filed last week. From March 20-26, SCDEW says there were 1,501 initial unemployment insurance claims filed in the state. That’s a decrease from the 1,577 initial claims filed the previous week. SCDEW says 5,053 claimants were paid an average benefit of $272.82 last week. Since March 15, 2020, SCDEW says a total of $6,617,736,823.05 has been paid out to claimants. To see SCDEW’s full data dashboard, visit www.dew.sc.gov/data-and-statistics/data-dashboard.
CNN– New numbers from the Bureau of Labor Statistics show more than four million people quit their jobs last month. Experts now warn that’s a trend that we could continue to see. Jenn Sullivan takes a look at the industries losing the most employees, and where the most available jobs are.