The Morning View from West End: March 9, 2018

  • March 9, 2018

BY: MARSHALL BARTLETT
Senior Vice President / Portfolio Manager
(615) 591-0611   mbartlett@argenttrust.com

Announced this morning, the economy created 313,000 jobs in February and the unemployment rate remained unchanged at 4.1%.  A key metric from last month’s report, average hourly earnings increased just 0.1% for the month and increased 2.6% year over year.  While a strong headline jobs number is noteworthy, over 100k more than some expected, the muted average hourly earnings is a sigh of relief for those who have been worried about wage inflation accelerating out of control.  In all, equity markets have moved higher this morning following the release of the jobs report.

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.