If there’s one thing I’ve learned about following the Federal Reserve is jobs are crucial.
By that I mean, if the U.S. economy is creating new jobs in a robust manner, then it’s likely an interest rate increase will follow.
And the next Fed meeting is just weeks away.
According to the Dept. of Labor, around 215,000 jobs were created this July.
The unemployment rate is at a solid seven-year low of 5.3%.
Overall, the workforce as a whole added new jobs across many sectors including:
Retail = 36,000
Health care = 28,000
Finance = 17,000
Manufacturing = 15,000
The only caveat was the mining industry, which lost about 5,000 jobs.
Bottom line: Thanks to the ongoing strength in the job market, we could be finally facing at a rate hike for the first time in more than nine years!
This will have a ripple effect on the stock market, the bond market, the interest rates you get when you apply for a mortgage or auto loan, and more.
So I have some important things for you to think about…
Are you prepared? Do you know what to expect? How can you protect yourself – and profit – from this important seismic shift in rates?
I’ve been warning investors about this looming crisis for some time now. But it seems like now things are about to change.
To find out what you can do and read the entire article at http://www.weisseducation.com/the-fed-the-job-market-and-the-first-rate-....
Mike Larson is the editor of the Safe Money Report and The Interest Rate Speculator and an instructor at Weiss Education of How to Profit from Changing Interest Rates. Mike joined Weiss Research in 2001, during which time he has been, alternately, an analyst, editor and writer for Money and Markets. Mike got his start tracking the financial markets at Bloomberg News. He graduated from Boston University with degrees in journalism and English. Mike’s views can be found in major print and electronic media outlets. He has been quoted by the Washington Post, Reuters and Dow Jones, and has appeared on CNN, Bloomberg Television and CNBC.