Vehicle leasing as a percentage of light-vehicle retail sales has soared in recent years, hitting a new monthly record of 32.3% in February, seven-tenths of a percentage point higher than January.
Apartment rents increased faster last year than at any time since 2007, a boon for landlords but one that has stoked concerns about housing affordability for renters.
The U.S. economy experienced one of its worst productivity declines in more than two decades at the end of last year, extending a sluggish trend that threatens to constrain worker pay and economic growth in the coming years.
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