Our Head & Heart… today! 11/14/20
By Andrea Young on November 15, 2020
Thank you to everyone that was able to attend our webinar this past November 10th. We had a lively and informative discussion about the possible policy implications of the election results, and the impact on the markets and the economy.
We are sharing our recording of that session, in case you were not able to attend our webinar. Please feel free to share it with friends, family and colleagues.
As always, do not hesitate to reach out if you have any questions or comments.
VIDEO: Post Election: What’s Next!
Where’s our Head?
On the Economy & Markets
- An additional 709,000 new unemployment initial claims were filed on the week ending November 7th, a decrease of 48,000 from the prior revised week.
- Another 298,000 new claims were filed under the Pandemic Unemployment Assistance program.
- The total number of people collecting unemployment benefits in all programs was 21,157,111 a decreased of about 374,179 from the previous week. This number was 1,449,519 in the same week the year prior.
- The unemployment rate decreased to 4.6% from 4.9% the week before.
- To help better understand the numbers described above, here’s an interesting graph of the labor participation rates and the scale of the type of unemployment experienced.
Source: Bureau of Labor Statistics
On the Election
- Stephanie Link and the Investment team from our strategic partner Hightower summarized last week’s political news and their impact on the markets. Take a read here:
Where’s our Heart?
Upcoming Event & Latest Podcast Episode
|EWS – Mediation – What is it and How to Utilize It
This event will be hosted by Beth Aarons, founder of Aarons Law & Mediation.
Empower Women “The Encore”
|EWS – A fresh look at the definition of Legacy
A must listen to those thinking about how to communicate their legacy to the next generation and loved ones.
In thinking of ways to offer support and resources at this time, we are offering a free, hour-long Life Planning session to anyone that needs it. We start with listening, empathizing, and learning from others. If you know of someone we can help, please feel free to connect us.