Mortgages

Job and wage growth at small businesses remained stable in June, despite some moderation, payroll company Paychex reported.

Rhode Island home sellers would see a conveyance tax rise 63%, and owners of million-dollar properties would pay an additional levy if the budget is signed into law.

The overall unemployment rate remained unchanged at 4.2%.

Hourly earnings growth for small business employees dropped to a four-year low at 2.77% in May, while job growth was flat, according to payroll company Paychex.

Private sector employment increased by only 37,000 jobs in May, down from a revised figure of 60,000 in April, while annual pay increased 4.5% year over year.

The U.S. Bureau of Labor Statistics issued an unexpectedly robust jobs report, but it may be the last one for a while.

Employers added only 62,000 jobs and annual pay grew 4.5% year over year, payroll processor ADP reported.

Financial planners who take their customers through a difficult calculation can add a lot of value that may sometimes get overlooked in the profession, one expert said.

Hourly earnings growth for employees at small businesses slowed this month to its lowest level since May 2021, according to Paychex.

A bipartisan group of over 100 lawmakers reintroduced legislation in the House to expand and strengthen the Low Income Housing Tax Credit.