Jobs uptick reported in November

The economy added 94,000 jobs in November, according to a Department of Labor report.
DEC 07, 2007
By  Bloomberg
The economy added 94,000 jobs in November, according to a Department of Labor report. Meanwhile the unemployment rate held steady at 4.7% for the third consecutive month as wages posted strong growth. The report increases investors' expectations that the Federal Reserve will cut interest rates again at its meeting on Dec. 11. The number of jobs added in October was revised up to 170,000 from166,000. However, the estimate for new jobs added in September was cut to 44,000 from 96,000. Average hourly earnings increased eight cents, or 0.5%, to $17.63, dipping slightly from a reading of $17.69 last November.

Latest News

LPL building out alts, banking services to chase wirehouse advisors, new CEO says
LPL building out alts, banking services to chase wirehouse advisors, new CEO says

New chief executive Rich Steinmeier replaced Dan Arnold on October 1.

Franklin Templeton CEO vows to "do what's right" amid record outflows
Franklin Templeton CEO vows to "do what's right" amid record outflows

The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.

For asset managers, easy experience is key to winning advisors' businesses
For asset managers, easy experience is key to winning advisors' businesses

Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.

Why retaining HNW clients ultimately comes down to one basic thing
Why retaining HNW clients ultimately comes down to one basic thing

New survey finds varied levels of loyalty to advisors by generation.

Stocks drop as investors digest Microsoft, Meta earnings
Stocks drop as investors digest Microsoft, Meta earnings

Busy day for results, key data give markets concerns.

SPONSORED Out with the old and in with the new: a 50% private markets portfolio

A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.

SPONSORED Destiny Wealth Partners: RIA Team of the Year shares keys to success

Discover the award-winning strategies behind Destiny Wealth Partners' client-centric approach.