Private Sector Jobs

Employment in the private sector showed its largest increase since December 2010 this past month according to the payroll processor ADP. The report shows that private sector employment rose by 206,000 jobs in November, which may also have led to a reported increase in consumer confidence over the past month. These numbers are a good indication to investors that the economy is stabilizing and provides more reassurance that we will avoid a “double-dip” recession. Having said that, the job market must show strong, consistent growth that reduces the unemployment rate before it will have a significant influence on the equities markets, something unfortunately we have yet to see.

Note that the unemployment rate is expected to remain at 9% for the month.

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The information in this material is only as current as the date indicted, and may be superseded by subsequent market events or for other reasons. Statements concerning financial market trends are based on current market conditions, which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions of Payne Wealth Partners, Inc., which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements.

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