Author: 1st Discount Brokerage

What is the most important indicator of sustainable economic growth? Jobs, jobs, and more jobs! The U.S. economy has been adding jobs in droves, which is good. The million dollar question is how much longer can it last? Since the unemployment low of Feb. 2010, U.S. payrolls have increased by 20 million! In this week’s

#PositiveNews Trump or Obama? 201,000 new hires joined the U.S. workforce in August, the 95th consecutive month of job gains. From Septemeber 2010 until today the economy has added 18,914,000 workers; the labor force has grown from 130 million to 149 million. According to the BEA, per capita output is close to $60k per person,

#PositiveNews Q2-2018 Productivity increased at a 2.9% annual rate, the highest growth rate since Q2-2015. The two most important criteria for economic growth, in my opinion, are employment expansion and productivity. Productivity growth, at 2.9%, stands well above its 1.1% five-year average. Productivity growth measures the average worker’s economic contribution; the higher the productivity the

#PositiveNews Since the great financial crises ended in June 2009, the U.S. economy has added 17,890,000 jobs. In today’s initial unemployment claims report,  218,000 workers filed for unemployment income, this is considerably lower than the >245,000 weekly filers at the beginning of the year.  And, the trend of folks claiming insurance benefits has been on

How does your present situation compare to the average American household? Each housing unit comprises 2.5 people, 1.3 wage earners, and 1.9 vehicles. 62% of U.S. residents own their homes, with 44% of those homeowners 100% mortgage free. 38% of all households are renters. Females own 53% of all housing units, according to the BLS: