Begging for Workers - May 12, 2021

At 6.1% as of April, the unemployment rate remains elevated (U.S. BLS). Yet, companies are growing increasingly desperate to find workers.

Over the last two months, the number of job openings has soared by over 1 million to 8.1 million as of March (U.S. BLS, latest data).

  • It’s far ahead of the 7.6 million record in November 2018.

In the April NFIB survey of small business confidence, “44% of business owners reported job openings they could not fill,” a fresh record.

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The Swinging Pendulum - May 10, 2021

One year ago, the economy was in a freefall thanks to lockdowns and shelter-in-place orders. For many around the country, only businesses that were deemed essential were open.

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Procrastination and Your Finances - May 5, 2021

Why should I take action today when I can do it tomorrow? Procrastination is the enemy of your finances.

According to the Charles Schwab Modern Wealth Survey 2019—

  • 60% of those who have a written financial plan feel financially stable vs only one-third who feel the same way without a plan.

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Big Mo - May 3, 2021

The U.S. Bureau of Economic Analysis reported last week that U.S. Gross Domestic Product (GDP), which is the largest measure of the value of goods and services, expanded at a 6.4% annualized pace in Q1 vs 4.3% in the final three months of 2020.

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Big Data on Tap - April 29, 2021

Investors are eagerly awaiting two big events this week: the conclusion of the Fed’s two-day meeting on Wednesday and Thursday’s release of Q1 GDP.

The fed funds rate is hovering near zero, and the Fed continues to purchase $120 billion in Treasury bonds and mortgage-backed securities each month. 

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