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“…you need money to buy things; you earn money by working; you may have to wait to buy things you want; and there is a difference between things you want and things that you need…” Time Magazine, Nov 30, 2015
Article – Your kid’s financial education should start much earlier than you think – By Dan Kedlec
Knock…Knock…Who is there? FedEx…FedEx who?
FedEx will be there tomorrow!
What is the worst kind of cat?
What do you get when you cross snowman with vampire Frost-Bite.
What kind of Bill can you breath? Billionaire.
Why did Dino go to the hospital?
Because he was (Dino) “Saur”.
How do you make eleven even?
Take away the “el.”
How do you make seven even?
Take away the “s”
Why did the chicken cross the railroad track?
Because it wanted to get to the Chick train.
What is a duck on the 4th of July?
Knock, Knock…Who is there?Banana…Banana who? Banana…Banana who?Banana…Banana who? OR-ange…Aren’t you glad I didn’t say banana?
Are you 5?
No! I am not 5! I am 4.95 plus shipping and handling!
Knock knock…Who is there? Panther!Panther, who? PantH-or-no-PantH I am going Thwiming!
Laughs above are credited to kids and various sources.
Business fun facts!
Do you know the ancestry of American people? It is a melting pot of immigrants from all over the world. This trend continues even today. These immigrants make America what it is today and are an big part in the success of businesses today.
There are over 320 million Americans today. Ancestry of Americans include: Germans over 14%, African American 12%, Irish 12%, English 8%, Mexican 8%, Italian 6%, Hispanic 5%, French 4%, Polish Scottish, Dutch, Norwegian, Scotch-Irish, Native American, and Swedish are between 1-3% but add up to 11%. The rest are from other various countries.
In 2008, $3.3 Trillion was the total loss in value for the US housing market. In early 2006 housing market value was close to $9.4 Trillion..so almost 1/3rd of housing market value was lost due to housing, credit, and financial crisis!
Since 2008, close to 12 million jobs have been added to the job market! This has allowed many Americans to get back on track and recover from the recession. Unemployment rate is now below 5% from almost 10% in 2009 when financial markets caused the recession!
What is Full Employment?
When economic conditions reach a level where all available labor is being used efficiently. In other words, it is a situation where most (if not all) possible people looking for jobs have their desired jobs which also meets the employer requirement. Most economist and governments consider below 5% unemployment rate to be Full Employment conditions. The unemployment rate is now at a record low of 4.4% which can be considered close to reaching “Full Employment.”
US adds 211K jobs in April. Unemployment rate down to a record 4.4%
The U.S. Labor Department reported that in April 211,000 jobs were added. The unemployment rate came down from 4.5% to 4.4%.
Source:NPR, Market Watch, Bureau of Labor Statistics(BLS)
The annual increase in wages in April was at healthy 2.5% (was 2.7% in March).Typically when the demand for workers increase, wages rise, which is the case here. In 2016 US witnessed that supply of available workers started to dwindle which in turn made employers to pay more to attract the right workers. This trend seems to continue in 2017 which is a good sign for the economy and workers!
Also readVolume 177how Supply and Demand changes effect price?It applies to the Labor demand and supply as well. .
Currently, about 62.7% of Americans are in the labor force, which isthe lowest rate since 1978.
59.7% of US population is employed.
College or higher education unemployment rate is lowest at 2.5% while high school or below hovers around 5 to 7.5%
US population = Approx 320M
Kids (not working age) = Approx 60M
Total people available to work = Approx 255M (315-60)
62.7% of the total available people (260M) are in the Labor Force numbers = Approx 163M andthe rest about 94M Americans do not work and are not counted in the Labor Force numbers.
Non-working Americans include the retired, stay home with kids, disabled, Seniors, College students AND those trying to find a job but have given up.
Typically 300,000 new jobs a month are needed to drop the unemployment rate, and 150,000 jobs to just keep up with the population growth.