The Economy

Posted on July 9, 2013 by The Weekly Commentary

The big news last week was the report on jobs here in the U.S. The good news: This was the best first half for private employment gains since 1999. Also hourly and weekly wages increased 0.4% in June, and hourly wages are now up 2.2% over the last year (weekly wages are up 2.5% year-over-year).

Some bad news: a lower percentage of the 25 to 54 year old group (prime working age) were employed and the number of part time workers (for economic reasons) increased. (Source: Calculated Risk).

Valley National Financial Advisors, and its family of companies, has been in the Lehigh Valley since 1985. The company is independent and locally owned. As a respected and trusted organization, our relationships with many clients and their families transcend generations. We have the expertise to provide clients with financial strategies to effectively manage their existing assets and to provide for the eventual transfer of their wealth.

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