The Week in Review from Valeo Financial Advisors (October 2, 2015)
U.S. Economy
- September jobs report shows weak payroll growth Reuters and Bloomberg
- Manufacturing activity falls to lowest level since 2013 NY Times
- Consumer spending increased in August at the same rate as July USA Today
- Auto sales increased at the fastest pace in over a decade with the annual rate for September surpassing 18 million vehicles sold Bloomberg
- The U-6 rate, a more encompassing measure of unemployment, fell in September CNBC
- Key statistics from the September jobs report WSJ
Around the World
- Trans-Pacific Partnership looks to resolve pharmaceutical issues in trade pact talks Reuters
- Consumer prices in the eurozone declined in September adding to the threat of deflation WSJ
- Understanding the slowdown in Asian economies Economist
Personal Finance
- Many millennials lack life insurance coverage Reuters
- Transitioning to chip credit cards USA Today