Surprisingly Good Productivity, Jobs, Inflation And Trade News

Financial and economic news this past week was very good on four fronts: productivity, employment, inflation and trade.

The unemployment rate sank to 3.6%, the Labor Department announced on Friday morning, the lowest level since December 1969. The economy created 263,000 new jobs last month, far more than the 190,000 expected.

Inflation data released by the Bureau of Economic Analysis on Monday was much lower than expected, even though the job market is tight, and wages are rising. In addition, Treasury Secretary Steven Mnuchin said in a TV interview that he expected a finalized U.S. trade agreement with China next week, averting a trade war with the world's No. 2 economy.

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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.

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