6/9/14 U.S. Economy Regains All Jobs Lost in the Recession

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U.S. Economy Regains All JobsLost in the Recession

Weekly Update - June 9, 2014

In This Issue

Quote Of The Week

Recipe Of The Week

Tax Tips

Golf Tip

Healthy Lifestyle

Green Living

Markets rallied for the third week in a row, sendingstocks to new all-time highs on the back of a strong Mayjobs report. For the week, the S&P 500 rose 1.34%, theDow gained 1.24%, and the Nasdaq grew 1.86%.[1]

Markets shot up on Friday after a better-than-expected jobs report showed slowand steady improvement in the labor market. Here are some high level takeaways:The economy gained 217,000 new jobs in May, many in business services andhealthcare, indicating that the quality of available jobs may also be improving.Though headline unemployment is unchanged at 6.3%, digging deeper, we cansee that the number of people who can't find full-time jobs has fallen, as has thenumber who are forced to work part-time for lack of better options.[2] This is greatnews for the labor market.

We also want to point out an important milestone reached last month: Theeconomy has regained all of the jobs lost in the recession. The chart below showsthat total nonfarm employment in the U.S. reached 138.5 million in May, up 8.8million since the bottom of the recession in 2010.[3]

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While this is a noteworthy event, when we consider population growth and laborforce growth, employment is still below healthy levels and the labor market still hasa ways to go.

The European Central Bank voted to adopt aggressive measures to prop upEurope's lagging economy. Though the ECB hasn't quite reached FederalReserve-style quantitative easing measures, it cut interest rates below zero,charging banks for holding money overnight. Economists hope the move will forcebanks to lend money out rather than pay to keep it on deposit, increasing theavailability of credit to businesses and staving off deflation.[4] Reactions to themove were mixed, with some analysts applauding the move, while others worriedabout the possible effects on savers. Regardless of the outcome, it will likely takeseveral quarters to see any effects of the new lower interest rates.

The week ahead is thin on economic data, but investors will be looking at Friday'sconsumer sentiment report to see if Americans have regained their optimism aftera weak showing in mid-May. Since consumer spending accounts for about two-thirds of economic growth, consumer attitudes play an important part in economicforecasts and short-term market movements. Retail sales will also be in focus onThursday.

ECONOMIC CALENDAR:

Wednesday: EIA Petroleum Status Report, Treasury BudgetThursday: Jobless Claims, Retail Sales, Import and Export Prices, Business

InventoriesFriday: PPI-FD, Consumer Sentiment

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"Life is 10% what happens to me and 90% of how I react to it."-Charles Swindoll

Seafood Kebabs

If you don't eat shellfish, substitute swordfish, rockfish, or other sustainably

harvested seafood. Ingredients:

Serves 4

16 jumbo deveined raw shrimp (peel on to prevent drying out)16 bay scallops (about 5 ounces)

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12 ounces boneless, skinless salmon, cut into 1-inch pieces1 lemon, cut into 4 wedges1 tablespoon olive oil or grape seed oilflaked salt and black pepper

Directions:

1. Prepare your skewers. If possible, use flat metal skewers to make it easierto turn the kebabs. If you use wooden skewers, soak them in water for atleast 15 minutes to prevent burning.

2. Light your charcoal grill and prepare a two-zone fire. If using a gas grill, setburners to medium.

3. Thread the shrimp, scallops, salmon, and lemon wedges tightly onto theskewers, dividing the ingredients evenly between four or eight skewers.

4. Drizzle or brush each skewer with oil and season with salt and pepper.5. Place skewers on the grill. If using a charcoal grill, place the skewers near

the mound of coals, but not directly on top to prevent burning. Grill 3-5minutes per side until the fish is opaque throughout.

6. Plate and squeeze the grilled lemon over each kebab.

Recipes adapted from Charlyne Mattox | RealSimple.com

Protect Your Records From Disaster

Natural disasters can strike at any time and it's important to take steps to protectyour tax and financial records. Here are some tips from the IRS:

Keep electronic backups. Many people get emailed financial statements,

which is a good way to ensure you always have access to these importantdocuments. Ask your tax advisor for help scanning tax records, insurancepolicies, estate papers, and any other paper documents. Be sure to back upany CDs, DVDs, or external hard drives somewhere outside your house.Document your valuables. Take photos or a video of the contents of your

home, office, or vacation house. This will help document any losses forinsurance claims or for deductions on your tax return. Know where to get copies of tax returns and transcripts. Ask your taxadvisor for help filing a request for lost tax returns or a free transcript.

For more information about disaster assistance, speak to your advisor or call theIRS disaster hotline at 866-562-5227.

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Tip courtesy of IRS.gov[9]

Visualize a Second Hole

There are few things on the golf course more frustrating than missing an easy putt.Take the anxiety out of short, straight putts (that can be played inside the hole) byvisualizing a second hole several feet in front of the real one. Align yourself with theimaginary hole and focus on making a short, aggressive putt to the back of the firstcup. The ball should hold the line and pour right into the real hole.

Tip courtesy of Matt Swanson | Golf Tips Mag[10]

Tips for Healthy Teeth

Gum disease and tooth decay can lead to serious health problems. Protect youroral health with these simple daily activities:

Wait before brushing. Food leaves acid in your mouth, which takes saliva 30minutes to an hour to neutralize. Brushing while the acid is still active canbrush your tooth enamel away.Work up a sweat. Periodontal experts think exercise can reduce the risk ofsome gum diseases.Ask the dentist to check your gums. At your next dental visit, make sure thedentist checks your gums carefully for pockets. Gum pockets deeper than3mm may indicate gum disease.Drink plenty of water. Microbes in your mouth need a moist environment toremove food particles. If possible, drink tap water to get the benefit offluoride, which is missing from most bottled water.

Tip courtesy of AARP[11]

Avoid At-Risk Seafood

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Overfishing of many of the world's most popular fish and shellfish has led to thedegradation of many wild seafood populations and habitats. Help the environmentby eating sustainably harvested or raised seafood. The Monterey Bay Aquariumand the Blue Ocean Institute both offer online guides and smartphone apps thatmake it easier to make greener buying decisions.

Tip courtesy of The Nature Conservancy[12]

Share the Wealth of Knowledge!

Please share this market update with family, friends, or colleagues. If you would

like us to add them to our list, simply click on the "Forward email" link below. Welove being introduced!

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or

protect against loss in periods of declining values.

Diversif ication does not guarantee profit nor is it guaranteed to protect assets.

The Standard & Poor's 500 (S&P 500) is an unmanaged group of securities considered to be representative of the

stock market in general.

The Dow Jones Industrial Average is a price-w eighted average of 30 signif icant stocks traded on the New York

Stock Exchange and the NASDAQ. The DJIA w as invented by Charles Dow back in 1896.

The Nasdaq Composite is an index of the common stocks and similar securities listed on the NASDAQ stock market

and is considered a broad indicator of the performance of stocks of technology companies and grow th companies.

The MSCI EAFE Index w as created by Morgan Stanley Capital International (MSCI) that serves as a benchmark of the

performance in major international equity markets as represented by 21 major MSCI indexes from Europe, Australia

and Southeast Asia.

The Dow Jones Corporate Bond Index is a 96-bond index designed to represent the market performance, on a total-

return basis, of investment-grade bonds issued by leading U.S. companies. Bonds are equally w eighted by maturity

cell, industry sector, and the overall index.

The S&P/Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking

changes in the value of residential real estate. The index is made up of measures of real estate prices in 20 cities and

w eighted to produce the index.

The 10-year Treasury Note represents debt ow ed by the United States Treasury to the public. Since the U.S.

Government is seen as a risk-free borrow er, investors use the 10-year Treasury Note as a benchmark for the long-

term bond market.

Google Finance is the source for any reference to the performance of an index betw een tw o specif ic periods.

Opinions expressed are subject to change w ithout notice and are not intended as investment advice or to predict

future performance.

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Past performance does not guarantee future results.

You cannot invest directly in an index.

Consult your f inancial professional before making any investment decision.

Fixed income investments are subject to various risks including changes in interest rates, credit quality, inf lation risk,

market valuations, prepayments, corporate events, tax ramifications and other factors.

These are the view s of Platinum Advisor Marketing Strategies, LLC, and not necessarily those of the named

representative, Broker dealer or Investment Advisor, and should not be construed as investment advice. Neither the

named representative nor the named Broker dealer or Investment Advisor gives tax or legal advice. All information is

believed to be from reliable sources; how ever, w e make no representation as to its completeness or accuracy.

Please consult your f inancial advisor for further information.

By clicking on these links, you w ill leave our server, as they are located on another server. We have not

independently verif ied the information available through this link. The link is provided to you as a matter of interest.

Please click on the links below to leave and proceed to the selected site.

[1] http://goo.gl/Mpmi9H

[2] http://qz.com/217695/the-united-states-has-f inally-recovered-all-the-jobs-lost-during-the-great-recession/

[3] http://w w w .usatoday.com/story/money/business/2014/06/06/may-jobs-report/10037173/

[4] http://abcnew s.go.com/International/w ireStory/ecb-closer-fed-style-stimulus-24039685

[5] http://w w w .cnbc.com/id/101738362

[6] http://w w w .marketw atch.com/story/us-consumer-credit-surges-in-april-2014-06-06

[7] http://w w w .usatoday.com/story/money/business/2014/06/03/factory-orders/9911431/

[8] http://online.w sj.com/articles/chrysler-u-s-sales-jump-17-in-may-1401798696

[9] http://w w w .irs.gov/uac/New sroom/Keep-Your-Records-Safe-in-Case-Disaster-Strikes

[10] http://w w w .golftipsmag.com/instruction/putting/quick-tips/imagine-a-second-hole.html#.U5RsHpRdVsI

[11] http://w w w .aarp.org/health/conditions-treatments/info-01-2011/7_w ays_to_keep_your_teeth_healthy.html

[12] http://w w w .nature.org/greenliving/gogreen/everydayenvironmentalist/eat-seafood-like-a-caveman.xml

Marc Wolff

Southern Trust Financial Planning

1943 Morrill Street, Suite 1

Sarasota, FL 34236

941-308-0041

mwolff@southerntrustfinancial.com

Copyright © 2013. All Rights Reserved.

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