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Back to News Signs of a sustainable recovery in the USA, June 2014
US Unemployment Rate vs. Monthly Nonfarm Payrolls
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Signs of a sustainable recovery in the USA

June 2014

US Unemployment Rate vs. Monthly Nonfarm Payrolls

The graph (view here) of Efficient Frontiers, shows that the number of jobs created over the month of May, increased by 217,000, well above the economic expectations of 215,000. The gradual decrease in the unemployment rate over the past 5 years, along with improving Nonfarm payrolls, highlights a sustainable recovery in the unemployment market and supports a continued, gradual retraction in “stimulus” (QE tapering).

We have emphasized in our newsletters over the past 12 months that sustainable growth is to be found in the first world countries, not in South Africa. The two unit trusts that we managed, namely Kanaan Flexible and Kanaan Balanced, do have the maximum offshore exposure allowed, namely 25% since August 2013. Members of the public though, are allowed to invest more than 25% offshore. If you want to know how to go about, contact us or click “Funds” on our website page.

Andre Delport

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