Happy March! The number of jobs decreased by 92,000 in February and the unemployment rate increased to 4.4 percent. This is the third month of declining jobs in the past five months, and in combination with a rising unemployment rate, increases the probability of a rate decrease by the Federal Reserve. However, given inflation is still above the Fed target rate of two percent, it may not happen until the end of spring or into summer. Of course, there remain other important issues to monitor, including tariffs and military actions, so it is likely the market will remain volatile in the months ahead. I hope you and your family have an opportunity to enjoy the last days of winter and first days of spring!
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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