Posts tagged unemployment rate
Strong Feb Jobs Means Fed Rate Hike
Strong Feb Jobs Means Fed Rate Hike

Get ready for a Fed interest rate hike this week. The February jobs report showed that the US economy added a larger than expected 235,000 jobs, the unemployment rate edged down to 4.7 percent and annual wage growth bounced back from a revised 2.6 percent in January to 2.8 percent, ahead of the 2.7 percent average seen in the second half of last year. The increase in wages demonstrates that the labor market is tightening and that state-level minimum wage hikes are filtering through the economy.

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BlogMark TalercioEmployment, Fed, Fed Chair, Federal Resrve, interest rates, Janet Yellen, jobs report, Labor Market, mortgage rates, Strong Feb Jobs Means Fed Rate Hike, Unemployment, unemployment rate
Bull Market Celebrates Eight on a High
Bull Market Celebrates Eight on a High

As the bull market in US stocks gets set to celebrate its eighth birthday this week, it is stunning to consider how far we have come. On March 9, 2009, here was the closing level of the three major indexes:

  • Dow: 6547 – lowest level since April 15, 1997
  • S&P 500: 676 – lowest level since Sept 12, 1996
  • NASDAQ: 1268 – lowest level since Oct 9, 2002
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BlogMark Talerciobull market, Employment report, Infrastructure spending, investing, jobs report, regulation, Stock market bull, Stocks, tax reform, Trump Bump, Trump rally, Trump regulation, Unemployment, unemployment rate