Investment Insights are written by Angeles' CIO Michael Rosen
Michael has more than 30 years of experience as an institutional portfolio manager, investment strategist, and investment consultant.
LABOR MARKETPublished: 12-05-2014
Oh, this was a strong report this morning, on every level:
- 321,000 net new jobs in November.
- 10 consecutive months of +200,000 payroll gains (228,000 on average over the past year).
- Labor force expanded 119,000, and the labor participation rate held steady at 62.8%, its average of the past 8 months, so perhaps it is leveling off.
- Median number of weeks of unemployment fell to a recovery-low of 12.8.
- Quitters rose to 9.1% of those unemployed, signaling rising confidence in being able to find another job (this is one of Janet Yellen’s favorite stats).
- Average hourly wages rose 0.4% and total hours worked rose 0.6%, so cash earnings were up 1% in November, the most for any month since 2006.
In stark contrast to the rest of the world, the US economy is not only strong, but may be getting stronger! Good for USD-based assets, and we expect the Fed to begin raising rates in 2Q next year.
June Gloom Will Fade 06-08-2015
1024"June gloom" is what you get when a warming land mass meets a cooler ocean: a layer of marine fog that the sun burns ...READ MORE
O Pais do Futuro 11-30-2015
Charles de Gaulle (photobelow)imperious, disdainful, utterly French (and venerated for it in France)noted 50 years ago ...READ MORE
Criminals in Diapers 08-05-2015
Japan grew from the (literal) ashes of the Second World War to become the second largest economy in the world by ...READ MORE
Get the latest investment information and stay on top of market trends.