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The Hightower Company
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Experience Matters
Experience Matters

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Even after an entire year of strong job gains in 2014, investors were shocked by the strength of today's Employment data. Against a consensus forecast of 230K, the economy added 257K jobs in January. The bigger news was that upward revisions to prior months added another 147K jobs. Monthly job gains over 200K are considered strong, and the economy has added an average of 336K jobs over the past three months. The Unemployment Rate unexpectedly rose from 5.6% to 5.7%, but this was due to a large increase in the size of the labor force. Many people began to seek jobs in January who had not previously been looking. Average Hourly Earnings, a proxy for wage growth, was 2.2% higher than one year ago, which also far exceeded expectations. Some of the increase in wages was due to higher minimum wage laws which went into effect in January in several states, though, meaning that some portion of the gains likely will not be repeated in future months. MBS prices predictably moved much lower after the data. The Dow was up 10 points Friday.
 

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Must Knows About Buying A Home
Must Knows About Buying A Home When you are buying a house, it is a very happy but stressful time. You want to make sure you really like the house you chose, and that you will not face any major problems. This article will guide you through the house buying...
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