AUTHOR: TOWNEWEALTHMANAGEMENT.NET/BLOG 11/10/2021 Towne Wealth Management BLOG:
Better Late Than Never
U.S. stocks rose Friday after Labor Department data showed job growth rebounded in October following a summer slowdown, according to The Wall Street Journal 11/5/2021. In addition, the most recent employment numbers showed the U.S. economy added 531,000 jobs in October, clearly exceeding the 450,000 jobs that a survey of ‘Wall Street Journal’ economists projected. Ultimately, the end effect showed the unemployment rate falling to 4.6% from 4.8% in September. Many believe this directlycorrelated to the end of federal unemployment benefits in September, something which many believe could have been done much earlier…. curbing the inflation being felt right now…. better late than never…I guess?
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Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.