Happy February! The market is off to a rough start in 2022, but U.S. leading economic indicators (LEI) continue to show a strong economy. Eight of the ten components of the LEI expanded in December and we expect real economic growth to be 3.5 percent for all of 2022. In January, the economy added 467,000 jobs while the number of workers unemployed for more than six months declined from 2 million to 1.7 million. Unemployment increased from 3.9 percent to 4.0 percent, but this is because the estimated number of workers entering the job market exceeded the estimated number hired. All of this is good news. So while it can be unnerving to go through market volatility, it is a positive sign that the economy is continuing to grow so strongly.
Topics:
New Businesses May Be Good News for the Economy
When Two Goals Collide: Balancing College and Retirement Preparations
Going Public: How Are Direct Listings Different from IPOs?
Plan Ahead to Help Ease the Burden of Tax Season
