Softening Labor Market, US Credit Downgrade, and Football on the Way

This week Ryan and Brian discuss how July's non-farm payrolls grew by 187,000, slightly below consensus, with a slight increase from June's revised figure of 185,000. Unemployment rate decreased to 3.5% from the previous 3.6%, while labor force participation remained at 62.6% for the fifth consecutive month.They also covered how Fitch downgraded U.S. government debt from AAA to AA+ due to expected fiscal deterioration, high debt burden, and governance erosion. Yet, the rating downgrade is unlikely to impact U.S. debt or markets; U.S. remains a safe haven during market stress.<br/><br/>Job Growth Chart 1<br/><br/>Job Growth Chart 2<br/><br/>Market Reaction to 2011 Credit Downgrade<br/>Tracking # 1-05376752<br/>Tracking #1-05377068Questions? Email us at info@FordFG.com.<br/><br/>Web: FordFG.com<br/><br/>Music: Cold Funk - Funkorama by Kevin MacLeod is licensed under a Creative Commons Attribution license. Source. The Advisors of Ford Financial Group are a Registered Representatives with, and securities are offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Perennial Investment Advisors, a registered investment advisor. Perennial Investment Advisors and Ford Financial Group are separate entities from LPL Financial. This material is for general info only and not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors. To determine which investment(s) may be appropriate for you, consult your financial professional prior to investing. Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and do not reflect fees, expenses, or sales charges. All performance referenced is historical an...