Business News

The Hispanic Unemployment Rate Dropped

Central banks will dominate the news cycle this week. The Federal Reserve is expected to implement a quarter point interest rate hike tomorrow. The European Central Bank and Bank of England will meet on Thursday. (LPL)

The Hispanic unemployment rate dropped to 4.7% - the lowest in the history of the United States. The manufacturing sector added 31,000 jobs, while its unemployment rate fell to a record-low 2.6%. The unemployment rate remained near a 17-year low of 4.1%. (BLS)

The S&P 500 has officially gone 52 consecutive weeks without a 2% weekly change higher or lower. This is only the second time in history it has gone a full year without a 2% weekly change. The longest streak ever was 79 consecutive weeks without a 2% change in the mid-'60s. (LPL)

Can the S&P 500 go 12 for 12? Incredibly, the S&P 500 has been up on a total return basis all 11 months so far this year. There have been streaks of 12 consecutively higher months before, but never have all 12 months of one calendar year been higher. (LPL)

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

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