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Jobs Report Misses Expectations

Today’s jobs report has the US adding 113,000 jobs in January of 2014. The reason it has been deemed “disappointing” is because expectations were at 189,000. Unemployment rate reduced from 6.7% to 6.6% according to Wall Street Journal Money Beat.

All the market indexes have reacted calmly so far. Are our economy and markets in denial? We have an employment participation rate of just over 60% and that 60% is not growing. How will America support the 40% who are unemployed?

Be careful with your finances. Bankruptcy could be your best protection of your wealth, assets, and future. If you have been considering bankruptcy, but are waiting for financial recovery, the recovery may not be coming anytime soon. You may need to make your adjustments to your debt ratio now to continue to survive in the future. Wage averages are down to 10 years ago, yet costs of living are higher than ever. Consider you and your family’s future. Are you saving money for retirement? Are you paying down debt as you planned when you incurred the debt? If not, you need an adjustment in your finances. Even if you are employed, if you are drowning in debt, you will still be able to qualify for bankruptcy.

Contact Bankruptcy Law Professionals today for more information from our Riverside or Orange County offices. Our bankruptcy attorneys will help you eliminate your debt to get through the economic challenges of our time. Contact us at 855 257-7671.

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