One headline for the August jobs report today read, "US economy added 96,000 jobs in August and the unemployment rate fell to 8.1%". Well that sounds pretty good, until you look deeper into the numbers to see what it really meant. Economists were expecting 125,000 new jobs in August which would have been much better.…Read more
This morning Ben Bernanke spoke to the National Association for Business Economics and stated that the Central bank will continue it's supportive policy even as unemployment rates decline. He said that the U.S. economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate further. In other words,…Read more
Spending less and saving more is the first and most basic principle of personal financial planning. Maybe Washington needs to hire a Certified Financial Planner.