If you have seen the proliferation of help wanted signs, you are not alone. Businesses desperately need workers, according to the latest data from the U.S. Bureau of Labor Statistics.
In July, the number of job openings surged by 749,000 to a fresh record of 10.9 million. The increase this year is nothing short of astounding. We are far above the prior peak set in late 2018, when the jobless rate was below 4%.
Is a 235,000 increase in August nonfarm payrolls a disappointment? Yes, when the consensus forecast called for a 720,000 increase (WSJ).
- In July, the economy created over 1 million jobs.
Whether we should be concerned is a tough question to answer.
September has historically been a turbulent time for the stock market. August has not shined either, as illustrated in Figure 1.
Figure 1 highlights the average monthly return of the S&P 500 Index since 1970 and 2010.
We not only see a weak performance over a 50-year span, but if we isolate the August and September period from 2010 to the present, the results do not change very much.
Are you on track to retire comfortably? What is the monthly income you will need in retirement? What are your goals and dreams in retirement?
Our list is not all-inclusive, but let’s look at 5 ideas you can implement that will put you on track to a more comfortable retirement.