◀ The Principal Blog

Posts from the ‘Institutional Investors’ category

July Jobs Report – More Positive Job Growth

The July jobs report showed another month of positive job growth, adding 215,000 jobs. The unemployment rate remained unchanged at 5.3% as did the labor force participation rate at 62.6%. Wage growth remained sluggish in July but we still think the first interest-rate increase will happen in…

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Puerto Rico Defaults

This week, the downward spiral has been put in motion as Puerto Rico halted deposits into the fund that pays its general-obligation and one of its agencies defaulted for the first time. The missed $58 million bond payment is a fraction of the U.S. Commonwealth’s $72 billion debt. Investors should…

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