Why Should Unemployment Rates Matter to Your Retirement
Once Again – Exercise Benefits In The Genes?
Why Unemployment Rates Matter to Your Retirement By Dennis Miller My biological clock is ticking—as is yours and everyone else’s. With each passing day, you are either moving closer to or further past the day you quit working full time. Baby boomers are retiring at a rate of 10,000 […]
My biological clock is ticking—as is yours and everyone else’s. With each passing day, you are either moving closer to or further past the day you quit working full time. Baby boomers are retiring at a rate of 10,000 per day and will continue to do so for the next 17 years. Whether you count yourself among that group or not, understanding where economic data—such as unemployment rates and inflation—come from will make you a better investor and savvier retiree.
The Federal Reserve has some laudable goals. Its current mission includes inflation control and employment promotion, and it uses data from the Bureau of Labor Statistics (BLS) and the Departments of Labor and Commerce to formulate policy. Investors look at those same numbers, try to anticipate what the Federal Reserve might do, and invest accordingly.
On unemployment, the Fed notes:
“(I)n the most recent projections, FOMC participants’ estimates of the longer-run normal rate of unemployment had a central tendency of 5.2 percent to 5.8 percent. Though a variety of factors influence the level of unemployment in the economy, the Federal Reserve makes monetary policy decisions that aim to foster the lowest level of unemployment that is consistent with stable prices.”
Click here to view original web page at www.themarketguardian.com
Lastly, if you have been mis-sold PPI, you should perhaps seek legal aid. My friend was telling me that recently they needed an attorney with a specialism in this area to support their case. He began his search by gaining perspective from firms similar to Paxton Willis PPI. In the end, he found the legal representation he deserves.
Category: Articles
