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Announcements: Financial Planning

Paycheck Protection Program

on Apr 3, 2020 in Announcements: Employer Group, Announcements: Financial Planning, COVID-19, General Parrott Insurance News

    Paycheck Protection Program Starts TODAY   The Paycheck Protection Program (PPP) is an SBA loan that helps small businesses (fewer than 500 employees) keep their workforce employed during the COVID-19 crisis. We at Parrott advise you– before you give your employees the option to take unemployment, look into the PPP first! It is a forgivable...

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Weekly Economic Update, February 13-17, 2017

on Feb 17, 2017 in Announcements: Employer Group, Announcements: Financial Planning, General Parrott Insurance News

CONSUMER SENTIMENT SLIPS A BIT The University of Michigan’s preliminary February index of consumer sentiment came in at a reading of 95.7 Friday, compared with a final January mark of 98.5 (which was a 13-year peak). Economists polled by Bloomberg had expected a slight decline to 98.0. While this was the index’s lowest level in three months, it still...

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Weekly Economic Update, February 6-10, 2017

on Feb 17, 2017 in Announcements: Financial Planning, General Parrott Insurance News

POSITIVES & NEGATIVES IN JANUARY’S JOB DATA The Department of Labor’s latest jobs report showed 227,000 net new hires last month. Unfortunately, wages grew just 0.1% in January as the headline jobless rate rose slightly to 4.8%. The U-6 rate, counting the underemployed, rose 0.2% to 9.4%.1 STRONG CONSUMER CONFIDENCE & SPENDING While the Conference...

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Weekly Economic Update, January 9 – 13, 2017

on Jan 13, 2017 in Announcements: Financial Planning, General Parrott Insurance News

RISING WAGES, MODERATE HIRING IN DECEMBER The Department of Labor’s latest employment report shows the average hourly wage at $26.00 last month, up 2.9% in a year. That is the largest annualized wage increase seen since June 2009. Payrolls expanded by 156,000 additional hires in December, leaving total 2016 job growth at a 5-year low of 2.2 million. (This...

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Weekly Economic Update, December 19-23, 2016

on Dec 21, 2016 in Announcements: Financial Planning, General Parrott Insurance News

FED RAISES RATES, PLOTS THREE 2017 HIKES Federal Reserve policymakers unanimously chose to raise the benchmark interest rate by a quarter point last week. That was expected; less expected was the central bank’s adjustment to its 2017 dot-plot. Fed officials now see three rate hikes next year instead of two. The move to the new target range of 0.50-0.75% sent...

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