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Planning & Economy

Winners and Losers

December 17th, 2019

Wealth Management Firms Near Me - Financial Consultant Wilbur Ross Bio IMGMust be nice being Wilbur Ross – as Secretary of Commerce he’s cheering the American worker on. The Bureau of Labor Statistics reported today (Friday Dec 6th) an increase of 266,000 new jobs in November much better than the 187,00 expected new jobs.

Unemployment ticked down to 3.5% from 3.6% equaling the lowest jobless rate since 1969 Manufacturing jobs increased by 54,000 but much of that was GM workers coming off their strike.

Wealth Management Services Near Me - Employment By Selected Industry Graph IMG

Add to that and increase in the average hourly wage of 3.1% and it looks like it might be a very good Christmas Season after all. Winners all….

Our portfolios are exhibiting slightly higher levels of cash than in the recent past.

Carlos Dominguez – CERTIFIED FINANCIAL PLANNER™, Portfolio Manager, RJFS

When you get a minute try out our risk discover tool – tell you friendsFinancial Consultants Near Me - My-Risk-O-Meter Hover IMG

https://www.dominguezandjones.com/my-risk-o-meter/

 

https://www.bea.gov/

https://www.bls.gov/news.release/empsit.nr0.htm

Graph courtesy of Dominguez & Jones Wealth Management Group and Bureau of Labor Statistics

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