Jobs! Jobs! Jobs!

The payroll and employment reports being issued today might have a positive impact on the Dow and NASDAQ. It is estimated by the Labor Department that there were an additional 500,000 jobs created in May. That isn't terribly helpful to the 500,001st person who needed a job, but it is definitely an improvement. The only drawback to this number is that a high percentage of it represents Census Bureau workers, who are only temporarily employed. This increase in jobs means the slightest of dips in the unemployment rate, from 9.9% to 9.8 percent.

Why should any of this matter on a blog about retirement funds? Because we need people to have jobs so they can contribute to their own 401k. Otherwise, all of us with jobs will be funding the retirement of our unemployed neighbors. Also, by watching which industries are creating jobs, we might see which companies are growing, and there for might be a good bet on the stock market.

Which company are you watching grow? Are you investing in it?

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