Winners and Losers
Must 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.
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
Graph courtesy of Dominguez & Jones Wealth Management Group and Bureau of Labor Statistics
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