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Wall Street to Your Street
Unemployment dips to 16-year low as job growth hits 80 straight months
June 6, 2017 | Russ Swansen, Chief Investment Officer
The U.S. economy added 138,000 new nonfarm jobs in May, driving the unemployment rate down to 4.3% – the lowest rate since May 2001 – according to the U.S. Department of Labor, Bureau of Labor Statistics Employment Situation report issued June 2.
May market recap: What's keeping the stock market stable?
June 5, 2017 | Gene Walden, Senior Finance Editor
Even as controversy swirls in Washington, the stock market has remained rock solid through the first five months of 2017 – experiencing the steadiest performance to start a year in more than four decades.
Unemployment keeps dropping as hiring bounces back in April
May 9, 2017 | Russ Swansen, Chief Investment Officer
The unemployment rate dropped to just 4.4% – the lowest in a decade – as U.S. employers added 211,000 new employees to their payrolls in April, according to the U.S. Department of Labor, Bureau of Labor Statistics Employment Situation report issued May 5.
Weak GDP growth figure obscures economic gains
May 2, 2017 | Russ Swansen, Chief Investment Officer
The bad news is U.S. gross domestic product (GDP) growth slowed to an annualized rate of just 0.7% in the first quarter of 2017 – the lowest growth rate in three years – according to the advance estimate of the U.S. Department Commerce GDP report issued April 28.
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