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downward economy arrow with an upset man sitting in a chair Source: Shutterstock.

While many economic signs have indicated the economy is recovering from the pandemic recession, some economists remain concerned that progress is threatened by persistently high unemployment rates, new rounds of layoffs and the depletion of savings for hard-hit workers two months after the expiration of federal pandemic unemployment benefits.

On Friday, the Mortgage Bankers Association released a report that found 8.5% of renters, or 2.8 million households, missed, delayed or made a reduced payment during the third quarter, while 7.1% (3.4 million homeowners) missed their mortgage payment.

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Jim DuPlessis

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