01/23/2006

The "Jobless Recovery" is offering more jobs

Hello:

One concern about the current economic recovery is the lack of significant job growth -- to the point that this recovery has been named a "jobless recovery". Last Thursday, the initial claims for jobless benefits plummeted to 271 K in the second week of January, the lowest weekly reading since the week of April 15, 2000 (pre-recession). Job growth is crucial to maintaining a healthy economic recovery.

The National Institute of Aging (NIA) estimates that by the year 2050, the average lifespan will be 90 - 95 years. Perhaps the baby boomers, concerned about outliving their retirement income and assets, may start donating more time and less money.

Terri G. Millson, CIMA, CIMC President

Ray Dicius, CSA, GEPC LPL Branch Manager