The Week in Review from Valeo Financial Advisors (January 10, 2014)
- The U.S. unemployment rate fell from 7.0% to 6.7% in December, but there were only an additional 74,000 jobs created. The reduction in the unemployment rate largely came from people dropping out of the labor force (who are not counted in the unemployment rate). K.C. Star
- Congress considers continuing the extended unemployment benefits program for people unemployed longer than 26 weeks. This program came to an end on December 31, 2013. It was originally enacted in 2008. The Washington Post
- Last year business bankruptcy filings in the U.S. fell to the lowest level in seven year Reuters
- Janet Yellen has been confirmed to be the next U.S. Federal Reserve chair, succeeding Ben Bernanke TIME
- What Taxpayers Should Watch for in 2014 The Wall Street Journal