Happy February! As January comes to an end, the U.S. economy continues to expand at an annual rate of about 4.2 percent according to the Atlanta Fed’sGDPNow™. However, job creation has been weak and job openings at the end of December totaled 6.5 million, lower than the expectation of 7.25 million available jobs. In addition, January job layoff announcements tallied 108,245, a 218 percent increase over last January’s report, the highest level for any January since 2009. The market continues to be resilient, but if employment continues to show weakness, we can expect the Federal Reserve to continue to lower interest rates. I hope you have the time to enjoy the cold months of winter with family and friends!
All the Best, Jon Gauthier, President, GWM
If you are not connected to GWM on LinkedIn, request a link at: Linkedin.com/in/jon-gauthier-cfp/. You can also catch up on our latest activities at our Web site, www.gauthierwm.com.
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