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It probably doesn’t mean much to the Atlanta Falcons at this point, but the new year is off to a strong start, at least as far as jobs are concerned. According to the most recent stats from the US Bureau of Labor, jobs are up, particularly in construction.
This is 76 straight months of job growth, with January evidencing a much better increase in jobs than anticipated. This may lead to the Fed’s increase in rates sooner than expected. The key may be the related wage growth, which is relied upon by the Fed when weighing such decisions. We’ll see…
These numbers are positive for the new President. Some of the improvement may be the direct result of his election.
According to Doug Duncan, Fannie Mae’s Chief Economist, “We view the strength in hiring as consistent with increased optimism from the private sector following the presidential election, with businesses saying they expect to expand and plan to hire more workers.” That’s good stuff.
Further, Duncan says Fannie is encouraged by the solid employment increase in residential construction of over 20,000 jobs. This marks the third straight month of employment gains of at least 15,000 construction jobs indicating more residential building. The more homes built, the better the housing supply, which is better for homebuyers, mortgage lenders, the housing market, and the economy. It all works together.
So, let’s all hope that things continue to improve under the new Administration and that President Trump keeps his campaign promises to:
- Lower our taxes;
- Remove unnecessary, disruptive regulations;
- Unleash the vast treasures of American energy;
- Negotiate trade deals that are in the best interest of the American people; and
- Keep our Country safe against terrorism.
As it was for the Patriots, this can be a super win for America. Even the Falcons can agree. Well, maybe not today.
We thank both teams for a great Super Bowl and for the short time when our only differences were which team you wanted to win.
Unfortunately, the game can’t end in a tie. Somebody has to win, and as a result, somebody has to lose. That’s just how competition works.
Me…I’m still waiting on my Eagles. Maybe next year. Upsets do happen…
