Happy November! After two hurricanes and a major strike, the jobs report for October showed a gain of only 12,000 jobs instead of an expected 100,000 gain. Overall, private sector jobs declined 28,000 and the total number of jobs created was the lowest since a negative number in December 2021. Unemployment stayed at 4.1 percent, but the underlying number before rounding increased almost 0.1 percent (4.05 = 4.1 percent versus 4.145 = 4.1 percent). As long as government remains divided between the White House and Congress, or at least the filibuster is retained in the U.S. Senate, it will be difficult for sweeping changes to be adopted in the U.S. after the elections. In the meantime, I hope you have the opportunity to enjoy the fall weather 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.
Topics:
Child Care Costs More Than Housing
Year-End 2024 Tax Tips
Charitable Gifts of Life Insurance
Eight Ideas for Smarter Holiday Shopping
