The Weekly Wealth of Knowledge is your download of this week's most important topics related to financial planning, the markets, and our community. December kicks off "small business" month at MONECO. All month long we will be highlighting ways we can all support small businesses within our local communities and beyond.
In this issue:
- Biden Picks Powell As FED Chair (3 min read)
- Jobless Claims Reach Lowest Level Since 1969 (2 min read)
- How To Support Small Businesses This Holiday Season (3 min read)
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Biden Picks Powell As FED Chair
In a sign some say was a move to instill continued confidence and not disrupt the current Federal Reserve's policies, Biden recently renominated Chairman Jerome Powell for a second term to head the central bank. Although having bipartisanship support over the years since the Obama administration, Powell will now face the Senate Banking Committee and Senate for final approval.
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Jobless Claims Reach Lowest Level Since 1969
In a continued sign that the overall economic climate is improving, weekly jobless claims last week reached another milestone and a level not seen since 1969. Despite this positive news, job openings are still hovering at or near record highs as the labor market remains tight. Others say the news could be based on seasonal hiring, but only time will tell. If you have any questions, do not hesitate to reach out.
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How To Support Small Businesses This Holiday Season
As we kick off "small business" month in December at MONECO, now more than ever, local merchants and service providers need our patronage. In fact, some analysts feel that as the nation continues to deal with supply chain challenges, small business may offer better access to goods & services. Here is a great list of all the different ways we can all do our part this holiday season.
Click here to read the full article
