Dear Financial Partners and Friends!
How is the U.S. economy really doing? Here are a few quotes and facts regarding the past, the present, and the future.
The Past: “We Ran Out of Words to Describe How Good the Jobs Numbers Are,” (“The Upshot,” Neil Irwin, The New York Times, June 1, 2018.)
The Present: The U.S. economy jumped to an annualized rate of 4.1 percent GDP in the second quarter of 2018. That’s almost double the first quarter’s rate of 2.2 percent. This is the fastest rate of growth since 2014. This is great news for all of us!
The Future: The following quotes are from Elizabeth MacDonald’s, “Evening Edit,” Fox Business News, July 19, 2018. MacDonald said,“(Here are) CEO commitments for more jobs over the next 5 years.”
FedEx®: “FedEx® will train or reskill 512,000 people over the next 5 years.”
General Motors®: “General Motors® is proud to offer 10,975 workforce training opportunities.”
The Home Depot®: “The Home Depot® is pleased to provide enhanced training and opportunities for 50,000 associates.”
Raytheon®: “Tom Kennedy from Raytheon® and we pledge 39,000 enhanced career opportunities.”
The U.S. economy is doing well. As a result, most Americans are doing well. Remember this: Your financial success is our passion and our mission at Smedley Financial.
Roger M. Smedley, CFP®