Despite December Turbulence, Economy And Business Optimism Were Strong

Stocks lost 14% of their value in the fourth quarter and it was the worst quarterly loss since 2011. The Fed was sticking with its plan to hike rates, the political crisis in Washington was making new headlines daily, a trade war with China loomed, and uncertainty blemished Europe's economic growth outlook.

Nonetheless, in the week ended January 12th, the Department of Labor's advance figure for seasonally adjusted initial claims for unemployment was 213,000, a decrease of 3,000 from the previous week's unrevised level of 216,000. The four-week moving average was 220,750, a decrease of 1,000 from the previous week's unrevised average of 221,750.

On the heels of last week's stronger than expected job-creation report for December, this reinforces a strong employment situation, and jobs fuel personal income of America's consumer economy.

To Read the Full Story, Subscribe or

This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

2019

    2018

    2017

    2016

    2015

    Tell A Friend

    Featured News

    Company Info

    701 5th Ave, Ste 4200
    Seattle, WA 98104

    Mailing address:
    1777 S Burlington Blvd, #523
    Burlington, WA 98233


    Phone: 844-443-4321
    Fax: 844-443-4322


    info@prismadvisor.com