Local Business
Sunday, June 14, 2026 · Somerset County
Mortgage Rates Remain Elevated Despite Federal Reserve Action
Mortgage rates have stayed high even as the Federal Reserve manages interest rates. Market participants' views on inflation play a larger role in determining home loan costs than Federal Reserve decisions do.
U.S. employers added 172,000 jobs in May as labor market shows resilience
American employers added 172,000 jobs in May, marking the third consecutive month of employment growth. The labor market has maintained strength despite multiple economic pressures, according to the latest data.
Sunday, June 14, 2026
May jobs report expected to show steady hiring despite inflation pressures
The May employment report arrives Friday with forecasts pointing to continued job growth even as inflation strains the broader economy. Analysts expect hiring to hold steady despite mounting cost pressures.
Sunday, June 14, 2026
Stalled U.S.-Iran Talks Leave Strait of Hormuz Mostly Closed, Threatening Global Energy Supply
Diplomatic negotiations between the U.S. and Iran have stalled, leaving the Strait of Hormuz largely closed to commercial traffic. Energy analysts warn that a prolonged disruption could reverberate across global oil markets and supply chains.
Sunday, June 14, 2026
Social Security Trust Fund Faces 2033 Depletion, Trustees Report Shows
Social Security trustees project the Old-Age and Survivors Insurance Trust Fund will deplete its reserves in 2033, matching last year's timeline. The separate Disability Insurance Trust Fund is expected to remain solvent.
Sunday, June 14, 2026