Market News

News by the Numbers: Week of January 29, 2018

Five noteworthy figures from the previous week

2.6%
The federal government’s first estimate of the pace of economic expansion in the fourth quarter.

This represents the best Q4 for the economy since 2014. In Q4 2016, GDP was less than 2%.

Source: www.nytimes.com/2018/01/26/business/economy/gdp-economy.html [1/26/18]  

2.9%
December’s advance in durable goods order.

Not since June has the Commerce Department recorded such a strong monthly advance. Economists polled by the Wall Street Journal thought orders for hard goods would increase just 0.7% in the last month of 2017.

Source: www.foxbusiness.com/features/2018/01/26/durable-goods-orders-jump-2-9-best-showing-since-june.html [1/26/18]

21
The consecutive months of annualized employment gains for disabled Americans.

Year-over-year employment numbers for this demographic have improved since mid-2016, according to a joint analysis by the Kessler Foundation and the University of New Hampshire.

Source: money.cnn.com/2018/01/26/news/economy/jobs-people-with-disabilities/index.html [1/26/18]

151
The number of weeks that initial jobless claims have remained under 300,000.

This is the longest streak recorded in the past 48 years. When initial unemployment claims go under the 300,000 level, that signals a healthy job market. The streak is even more impressive given the fact that the U.S. labor market was considerably smaller in 1970.

Source: www.reuters.com/article/us-usa-economy-unemployment/u-s-new-home-sales-post-largest-drop-in-16-months-jobless-claims-up-idUSKBN1FE1WD [1/25/18]

16%
The proportion of millennials who say they have $100,000.

Bank of America’s Better Money Habits survey unearthed this finding as it polled Americans aged 23-37. Additionally, 47% of the millennials responding said that they had $15,000 or more saved. Some respondents cited living at home while working as a major factor in helping them to accumulate assets.

Source: www.washingtonpost.com/news/get-there/wp/2018/01/25/a-new-report-found-1-in-6-millennials-have-100000-in-savings-this-is-how-some-found-a-way-to-save-a-lot-of-money/ [1/25/18]

 

View More Articles

Learn More About BCJ Financial Group

Visit BCJFinancial.com

Contact Us

 


Citations.

 

 Securities offered through World Equity Group, Inc. Member FINRA/SIPC. Advisory Service offered through BCJ Capital Management. World Equity Group, Inc. and BCJ Capital Management are independently owned and operated. BCJ Capital Management is a (SEC) registered investment adviser. Information presented is for educational purposes only. It should not be considered specific investment advice, does not take into consideration your specific situation, and does not intend to make an offer or solicitation for the sale or purchase of any securities or investment strategies. Investments involve risk and are not guaranteed. Be sure to consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment. BCJ FG 18-19

You Might Also Like