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Posts made in November, 2016

Weekly Economic Update: November 7-11, 2016

on Nov 10, 2016 in Announcements: Financial Planning, General Parrott Insurance News

NEW DATA SHOWS BRIGHTER JOBS PICTURE Unemployment fell to 4.9% in October as firms added 161,000 net new workers, but that was just one positive from the Department of Labor’s latest summary of the U.S. employment situation. Year-over-year wage growth reached 2.8%, the best number seen since June 2009, as average hourly pay rose ten cents last month. The U-6...

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Weekly Economic Update – October 31, 2016

on Nov 1, 2016 in Announcements: Financial Planning, General Parrott Insurance News

ECONOMY EXPANDS 2.9% IN THIRD QUARTER After just 1.4% growth in Q2, this was welcome news. Surging exports and greater inventory investment and federal spending made Q3 the best quarter for the economy in two years, according to the Department of Commerce. The federal government’s core PCE price index was up 1.7% for the quarter versus 1.8% in Q2.1 CONSUMER...

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