US unemployment rate has fallen to the level considered to be the point at which wage levels should start to pick up - and consumer discretionary stocks will be the ones to benefit, according to Nick Ford, manager of the CF Miton US Opportunities fund
The trend in job creation is a key barometer of a country's economic health and in the US the related data has been exceptionally good. Figures for non-farm payrolls in February showed a gain of 295,000, well above expectations of 235,000 and marking the twelfth straight month payrolls have increased by at least 200,000. The unemployment rate has now fallen to 5.5% - the level considered to be the point at which wage levels should start to pick up. As a result, consumer discretionary stocks are probably worth a look. This sector underperformed the market in 2014 with investors pref...
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