OK, we're under three weeks away from Donald Trump being sworn in as the new President of the United States of America. My most intelligent friends are scared shitless by this. Many are wondering if the country can survive four years of this guy without getting into a nuclear war. Seriously. Other friends of mine, particularly in this part of the country, can hardly contain their excitement. I just saw a Facebook post by a college student I know that said, "16 more days!" A comment joined in, "things are about to change."
So, I decided to write down a few facts about the economy. I checked these out yesterday. On New Year's Day next year (providing humans still populate the Earth then) we will see how things look and compare the two.
Everyday items:
1 gallon of gas (Kernersville, NC 7/11 on S. Main St, 87 octane)- $2.35
1 gallon whole milk (Food Lion/Kernersville)- $2.79
1 dozen large eggs (Food Lion/kernersville)- $1.29
Box of Twinkies (Food Lion/K-ville)- $3.99
18 oz. box of Life cereal (Food Lion/K-ville)- $3.88
Economic indicators:
Dow Jones Industrial Average (4:15 pm, 1/3/17)- 19,881.70
S&P 500 (same time)- 2,257.83
Nasdaq (same time)- 5,429.08
Gold (Feb futures)- $1,160 per ounce
Silver (March futures)- $16.35 per ounce
Oil (WTI) - $52.52 per barrel
30 year fixed rate mortgage rate (jumbo/wellsfargo.com)- 4.25%
Unemployment rates:
U.S. unemployment rate (Nov. 2016/BLS)- 4.6%
North Carolina unemployment rate (Nov. 2016/U.S. BLS)- 5.0%
Winston-Salem, NC unemployment rate (Nov. 2016/U.S. BLS)- 4.5%
Greensboro/Highpoint, NC unemployment rate (Nov. 2016/U. S. BLS)- 4.8%
Rocky Mount, NC (rural area/Nov.2016/U.S. BLS)- 6.8%
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