No Sign of Recession

Additionally, average hourly earnings ended the year increasing by 3.2% while gas prices were declining. All of this is stimulus to the consumer, who drives our economy.

 

While the Labor Department unemployment rate did rise from 3.7% to 3.9%, this statistic illustrates that more people are entering the workforce – yet another positive sign in this economy.

 

I saw this graphic of a school bus named “growth.” The children on the bus named Deficits, The Fed, Tariffs, Interest Rates, Taxes, Politics, Immigration and Oil were all rowdy. The bus driver labeled “Consumer” said, “They make all the noise, but I drive the bus!”

 

While this is not a perfect economy, it is a healthy one. Don’t let the gyrations of the market scare you, they are likely short-term because of the noise.

 

Don’t hesitate to come by, call or write if you have any questions or concerns about how this affects you reaching your goals.