Unemployment at 3.6% is lowest in 50 years with strong graduate hiring projected for 2019
All three equity TSP funds (C/S/I) hit new 2019 highs alongside record market performance
Strong economic fundamentals support maintaining current TSP allocations for now
On Friday the unemployment rate of 3.6% was announced, standing at its lowest level in half a century. Digging into the numbers a little deeper, employers also plan to hire nearly 11% more graduates from the class of 2019 than they did from the class of 2018, marking the first time since 2011 that hiring projections are in the double digits. We’re also seeing strong earnings, with 75% of S&P 500 companies beating estimates. Based on the above, major indices were closing at record highs with the S&P 500 finishing the week at 2945. For TSP TIPS, all three equity funds (C/S/I) hit new 2019 highs this week and as such, we’re recommending staying with our current allocation.
On Friday the unemployment rate of 3.6% was announced, standing at its lowest level in half a century. Digging into the numbers a little deeper, employers also plan to hire nearly 11% more graduates from the class of 2019 than they did from the class of 2018, marking the first time since 2011 that hiring projections are in the double digits. We’re also seeing strong earnings, with 75% of S&P 500 companies beating estimates. Based on the above, major indices were closing at record highs with the S&P 500 finishing the week at 2945. For TSP TIPS, all three equity funds (C/S/I) hit new 2019 highs this week and as such, we’re recommending staying with our current allocation.