A new labor department report painting a fairly rosy picture of the U.S. economy. It says the four week average of the number of Americans seeking unemployment benefits fell for the sixth week in a row. The number now sits at just over 330,000 the lowest for the average since November 2007. However, another report shows since the end of the recession the average household income has fallen to 4.4% to around $52,098. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to examine what these reports from the labor department show and tell about the U.S. economic recovery.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Tags: chapwood investments, economy, ed butowsky, financial advisor, household income, recession, u.s. economy, unemployment benefits, wealth manager
