Announced this morning, the economy added 200,000 jobs in January and the unemployment rate held steady at 4.1%. Average hourly earnings increased 0.3% for the month and increased 2.9% on an annual basis. The strength in average hourly earnings is noteworthy, indicating wages are starting to grow and may lead to stronger consumer spending. Following the report, the ten year U.S. Treasury yield moved above 2.8%, a level not seen since early 2013. In all, equity futures are lower this morning heading into the market open.
This information has been prepared by Argent Trust to highlight issues which may be of interest to the recipient and is not intended as legal, investment or tax advice. You are urged to seek legal, tax and accounting counsel for your particular situation before acting on topics discussed here. At Argent Trust, we assist our clients in managing and enhancing their wealth. Please call us at 615.591.0044 with questions or to schedule a meeting. © 2018 Argent Financial.
