|Man Without Qualities|
Tuesday, April 06, 2004
1. Recent Economic Developments – A Surge in Job Growth
Payroll employment increased by 308,000 jobs in March. The unemployment rate edged up to 5.7%.
The final estimate of 4th quarter GDP kept growth at a robust 4.1% annual rate. Blue Chip forecasts are for GDP to grow 4.7% in 2004, the highest in 20 years.
Corporate profits grew at a 7.2% annual pace in the 4th quarter. Growth in profits has been very strong in the past three quarters.
Payroll growth in March was the fastest in nearly 4 years.
The current unemployment rate of 5.7% is lower than the average unemployment rate during the 1970’s, 1980’s and 1990’s.
Over the past 7 months, payrolls have added 759,000 jobs.
New claims for unemployment insurance are at their lowest level in 3 years.
2. A Primer on Individual Retirement Accounts (IRAs)
It's an intersting read.
Comments: Post a Comment