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Wall Street to Your Street
Job growth still rolling but at a slower pace in December
January 12, 2018 | Mark Simenstad, Chief Investment Strategist
The employment market cooled off slightly in December as employers added 148,000 new jobs, according to the U.S. Bureau of Labor Statistics Employment Situation Report issued January 5. For all of 2017, the economy added about 2.1 million jobs – an average of about 175,000 jobs per month.
2017 market recap: Economy and stock market pick up steam in 2017
January 9, 2018 | Gene Walden, Senior Finance Editor
The steady economic recovery from the Great Recession continued to build momentum throughout 2017. Gross domestic product (GDP) growth reached a 3.3% annualized rate in the third quarter, the stock market experienced another strong year, the oil industry closed the year on an uptrend, and unemployment dipped to the lowest level since December 2000.
Job growth remains strong with 228,000 new jobs in November
December 12, 2017 | Mark Simenstad, Chief Investment Strategist
Employers added 228,000 new jobs in November, according to the U.S. Bureau of Labor Statistics Employment Situation Report issued December 8. That marks the second straight month of over 200,000 new jobs and the 86th consecutive month of employment gains.
December 2017 outlook: Federal Reserve likely to raise rates
December 5, 2017 | Mark Simenstad, Chief Investment Strategist
With gross domestic product (GDP) growth at 3.3% annualized in the third quarter, the Federal Reserve (Fed) is likely to raise rates in December for the fourth time in the past 13 months. The Fed raised the federal funds rate by 25 basis points (0.25%) last December and again in March and June of 2017 to a new range of 1.00% – 1.25%.
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