non-farm payrolls and “
U-2,” or the overall unemployment rate (not the band):
While employment has risen steadily and unemployment has fallen likewise, neither has recovered their level from prior to the onset of the COVID-19 pandemic.
The Richmond Federal Reserve Bank forecasts further declines in the headline U-2 number, especially following the recent passage of the $1.9 trillion fiscal stimulus package:
When looking at employment and payroll numbers, it is helpful to distinguish between the
household and
establishment survey numbers. The household number is calculated by surveying 60,000 families about their employment status, and any individual with more than one job is only counted once. This data is the source for the reported unemployment rate number in the chart above.
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1. What is Alcohol Awareness Month?
Alcohol Awareness Month is a national public health awareness campaign sponsored by the National Council for Alcoholism and Drug Dependence (NCADD). It takes place every April. Alcohol Awareness Month was developed in order to increase awareness and understanding of the causes and treatment of one of our nationâs top public health problems: alcoholism. Established in 1987, alcohol awareness month allows communities to focus on spreading awareness and reducing the stigma associated with alcohol addiction. Observance of this awareness campaign also highlights the need for education on the dangers of unsafe alcohol consumptions.
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By Kevin Flanagan, Head of Fixed Income Strategy; Scott Welch, CIMA, Chief Investment Officer – Model Portfolios
This article is relevant to financial professionals who are considering offering Model Portfolios to their clients. If you are an individual investor interested in WisdomTree ETF Model Portfolios, please inquire with your financial professional. Not all financial professionals have access to these Model Portfolios.
Conjunction Junction, what’s your function?
I got “and,” “but,” and “or,”
They’ll get you pretty far…
Conjunction Junction, how’s that function?
I like tying up words and phrases and clauses
(From “Conjunction Junction,” School House Rock, 1973)
Investment Themes for 2021