1. Latest News
  2. Submit Press Release

Matt Golab Elk Grove Retirement Advisor Releases New Article, "Lower Unemployment, Better Economy?"

Matt Golab Elk Grove Retirement Advisor discusses the recent jobs report and it's hidden details that might affect the stock market and the economy for the coming years.

Matt Golab Chief Advisor
Matt Golab Chief Advisor
ELK GROVE, Calif. - May 2, 2014 - PRLog -- Today we have the market pushing higher because of a better than expected jobs report. The jobs added is better than expected, dropping the unemployment number to 6.3%. This may still sound high but this is actually lower than before Lehman Brothers defaulted, which many saw as the beginning of the 2008 market crash.

Whenever a jobs report that comes out with what seem to be positive numbers we see it's headline everywhere online, in print, and on the TV. But digging deeper we can see some keys that may make investors a little more cautious.

We've talked before about the importance of wages, how many individuals are leaving the workforce, and analyzing the household survey.


Recently we spoke about the vital importance that we see wages increase. This month wages do not appear to have increased. It is true that one month does not make a trend but many analysts view wage increases as a key to sustained economic growth.

Since the recession ended incomes have become smaller with this weeks report showing that the lower income industries make up over half of the private sectors employment gains over last year. Reports are showing that lower-wage jobs are making up nearly half of the employment growth over the last four years.


The other area that's key to look at is the number of people actively looking for work. We've spoken before about the trend that those who are out of work for a few months have a very low number of re entering the work force.

According to the recent report the number of individuals who appear to have left the work force total about 700,000. Many will blame this on retirement, this may be true and if it is this will be a lasting problem in our economy. The reason this could be a lasting problem is because we have not even hit the peak of the baby boomer wave. If this many people are leaving the workforce, drawing pensions, drawing Social Security, and pulling funds from their stock market accounts this could affect the market and broader economy for many years to come. This may be the new normal.

Household Survey

The survey reviews data from 60,000 households and came up with some pretty wild numbers. The jobless rate fell because 733,000 were viewed as leaving the workforce, the largest one-month decline since 1949. What happened then was a massive labor strike. April was pretty quiet and definitely didn't have anything like that. The last time this many people left the workforce was a few months ago when the federal government shutdown temporarily. Again, nothing like that happened in April. The massive and odd jump in the numbers might be in part that many lost federal unemployment benefit extensions.

When looking at the unemployment issue, the American economy, and the changing demographics in America and around the world have caused many to question their ability to succeed in the stock market.

Our Investment Committee continues to explain the importance of having an Investment Guide looking for opportunities each day in your portfolio. Stocks go on sale every day but many portfolios miss out because their financial advisor isn't looking at their portfolio except every two or three months when the computer rebalances.

In this changing stock market environment it is more and more important to have a world class and industry recognized team working for you to protect and grow your portfolio every day.

Matt Golab was recruited to write a chapter in Tom Hopkins recent book, Victory which became a National Best Seller. Matt also received the Editors Choice Award for his contribution to Victory, not every contributor is selected for this high honor.

Matt is an authority on creating innovative tax and investment solutions to help his clients succeed in their retirement years.  The strategies Matt Golab has established and passed on through successful financial planning with hundreds of clients over the years has launched him into the national spotlight.

He is often featured in Retirement Advisor Magazine, a publication which attracts the top financial planners in the country. Matt has been featured in newspapers around the country passing on the principals for a successful retirement. Golab is often asked by national websites that focus on the education of consumers to present his knowledge on the areas of retirement and retirement income plans. Matt is frequently featured in The Wall Street Journal, CNBC, MSN Money, The San Francisco Chronicle, Newsweek, TheSmartRetiree, Burlington County Times and appeared nationwide on ABC, CBS, Fox, and NBC as well as USA Today.

Matt has a weekly radio show where he discusses all aspects of retirement planning, total wealth management, and estate strategies. Through his relationship with Retirement Radio Network experts such as David Walker former Comptroller General of the United States, Harry Dent of the H.S. Dent Foundation, John Bogle of the Vanguard Funds and many more have been heard on his show Income Forever.

Golab is the Author of The Consumer's Guide to Planning Your Retirement: Your Guide to Mental Peace and Financial Well Being. Matt Golab continues to expand the geographic reach of his audience and desires to bring his expertise to a nationwide television audience. Matt emphatically states his mission, “I want to change the way Americans view their retirement. They can succeed (stay retired) regardless of what happens in the market". Contact information for Matt is available at his website,

Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor.

--- End ---

Click to Share

Contact Email:
***@aaronmatthewsfinancial.com Email Verified
Location:Elk Grove - California - United States
Industry:Finance, Investment
Tags:Matt Golab, Aaron Matthews Financial, Elk Grove Retirement Planner
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “


Trending News...

Like PRLog?
Click to Share