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The Department of Labor says the US economy added 227,000 jobs in the first month of 2017.  Private sector added 237,000 jobs and government shed 10,000 jobs.  Unemployment rate stands at 4.8%. Wages grew 2.2% over the last 12 months.

Worker productivity remains well below average. Output per man hour, or productivity, posted a 1% year-over-year increase in Q4 of 2016, but is still well below the pre-Great Recession pace of 2.5-3.0% seen in the 10 years prior to 2007. Slow productivity growth combined with a slow growing labor force keeps the lid on the maximum pace of gross domestic product growth. (LPL Research)

Should you root for the Patriots? The Super Bowl Indicator claims that the stock market does better for the year if an original team from the NFL (NFC) wins versus a team from the AFC. When the NFC wins, the markets have been up 10.9% versus up only 4.3% if the AFC wins. Taking it a step further, when the Patriots have been in the Super Bowl (eight previous times), the full year gain has been only 0.3% with the return actually worse after they won. (LPL Research)

Join us this weekend for Financial Focus Radio when we will talk about the importance of diversification in your wealth building efforts.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.