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Houston… We Have A MAJOR Problem

Dear Reader,

Last week I shared a post showing you More Proof The Biden Economy Is Not Great… That was confirmed by a shocking government report that came out on Friday.

April’s expected hiring boom goes bust as nonfarm payroll gain falls well short of estimates.

Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers.

Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.

Many economists had been expecting an even higher jobs number amid signs that the U.S. economy was roaring back to life.

There was more bad news: March’s originally estimated total of 916,000 was revised down to 770,000, though February saw an upward revision to 536,000 from 468,000.

The lack of available workers is a “crisis,” said Carlos Gazitua, president and CEO of Sergio’s Restaurants in Southern California.

“We’ve increased wages. We have about three different staffing agencies that are constantly looking for people,” Gazitua said. “Other restaurateurs are walking around neighborhoods passing out flyers. The heroes in our communities are the people currently working for you and me. These people are burnt out.”

Total employment in the household survey rose by 328,000, still leaving the level more than 7.5 million below where it was in February 2020. The labor force participation rate rose 0.2 point to 61.7%, its best level since August, while the employment-to-population level increased to 57.9%, its best since March 2020 but still below the 61.1% in February 2020.

An alternative measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons fell to 10.4%, down 0.3 point from March for its lowest level since March 2020. That “real” unemployment rate had peaked at 22.9% in April 2020 as the headline jobless rate hit 14.8%.

All the above is from this CNBC article – with emphasis being mine.

Last week I shared a post showing you More Proof The Biden Economy Is Not Great… That was confirmed by a shocking government report that came out on Friday.

As I’ve been saying in recent weeks, things are improving… But we’re still not out of the woods economically yet.

There are still enormous risks out there you need to protect yourself and your retirement portfolio from.

You can see those articles below.

I don’t recommend selling everything… What I do recommend though is cautious optimism – with the keyword being cautious.  

And continue to make sure you’re invested in great stocks that have the following traits…

  • They’re cheap.
  • They have little to no debt compared to a lot of cash.
  • They produce large profits and cash flows.
  • They pay dividends.
  • And make sure they aren’t in industries that could be hammered by Covid in case it comes back.

These kinds of stocks – the ones I try to find for you every day – are things you should continue investing in because they will provide you good to great returns no matter what the market is doing.

All while protecting you from the major risks like valuation, unemployment, debt, and inflation.

Here are some of those stocks I’ve already found for you to consider investing in to protect your portfolio…

Your guide to financial freedom and achieving your retirement goals.

Always in your service,

Jason Rivera

Publisher Stock Market Daily

P.S. Breaking Poll – Is Biden The Cause Of April’s Terrible Job Numbers? Vote Here

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