Weekly Economic Update for May 8, 2017
NEW DATA SHOWS MORE HIRING, LESS SPENDING Unemployment hit a 10-year low in April as payrolls swelled with 211,000 net new jobs, a rebound from the meager gains of March.…
NEW DATA SHOWS MORE HIRING, LESS SPENDING Unemployment hit a 10-year low in April as payrolls swelled with 211,000 net new jobs, a rebound from the meager gains of March.…
(Click to see enlarged image) For startups, fundraising is a daily battle. The constant phone calls, cold emails, networking events, and meetings can feel like a laborious cycle of a…
THE MONTH IN BRIEF In April, investors kept one eye on impressive corporate earnings and another on geopolitical developments in Asia and Europe. Earnings ultimately drew the most attention –…
CONSUMER CONFIDENCE DIPS SLIGHTLY The University of Michigan and Conference Board consumer confidence indices descended a little last month, but remained in great shape. The CB index displayed an April reading of…
EXISTING HOME SALES HIT A 10-YEAR PEAK Rising 4.4% for March, resales surpassed expectations – analysts polled by Reuters projected a gain of 2.5%. The National Association of Realtors said…
PRICES DECLINE IN MARCH In March, the Consumer Price Index retreated for the first time in 13 months. Its 0.3% dip left annualized consumer inflation at a moderate 2.4%. Fuels, autos, and groceries…
Why You Might Not Want a Lump-Sum Retirement Payout Do you have the option of receiving your retirement money as a lump sum? You may want to turn that choice…
COMPANIES ADDED FEWER WORKERS IN MARCH Just 98,000 net new jobs were created last month, and some analysts think Winter Storm Stella may have held hiring back. Even so, the…
THE QUARTER IN BRIEF The opening quarter of 2017 was a historic one for Wall Street as the Dow Jones Industrial Average topped 20,000 for the first time. Equities rallied…
THE MONTH IN BRIEF Stocks went sideways rather than north in March, with the S&P 500 losing just 0.04%. The Federal Reserve made another quarter-point interest rate move, and overseas,…