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FEBRUARY SAW A HIRING SURGE Payroll growth was truly impressive last month. According to the latest Department of Labor report, employers added 313,000 net new jobs, including 61,000 in the construction industry; economists polled by Reuters projected a total February gain of 200,000. With the labor force participation rate reaching a 6-month high, the headline […]
Financial Service Stocks Since the November Presidential Election, the media has highlighted the upside of the financial stocks. The reasons: potential relaxed regulation of Dodd-Frank banking rules. In addition, since the U.S. economy seems on a recovery path, banks can charge more for loans, possibly improving profitability. BUT…THERE’S MORE In addition to the major banks […]
Commentary by Donald Stockhausen Wall Street Journal, January 3rd, 2017, ”401k PIONEERS LAMENT” THE 401k IS THE DOMINANT WAY AMERICAN’S SAVE…. yet only 33% of U.S. workers are in a plan, and, more importantly, households that have a plan (ages 55-64) hold only an average of $104,000 in a 401k. More than 30 […]
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