Happy May! The jobs report for April showed 177,000 new jobs created, higher than the 133,000 new jobs expected, and a steady unemployment rate of 4.2 percent. Meanwhile, wages increased 0.2 percent, lower than the 0.3 percent expected, and 3.8 percent higher than a year ago, less than the 3.9 percent expected. Dramatic changes in tariffs can be hugely impactful to industries involved in foreign trade, but businesses may be managing the risk of tariffs with alternative suppliers and stockpiling. How this works out later in the year is still to be determined, but so far, the U.S. appears to be managing better than our trading partners. ‘April showers bring May flowers,’ so I hope you have the opportunity to enjoy time with friends and family!
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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