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After Memorial Day weekend the markets saw a jump in points, leaving Americans wondering if this is a positive sign or if it’s too soon to tell. Jordan Schwartz, financial planning advisor of Strategic Wealth Designers explains how this is a good sign, and what we can expect to see in the near future.
Schwartz states, “I do think this is a very positive sign. Obviously, we aren’t out of this yet, but the economy is starting to come back to normal, people starting to go back to work.” he continues, “Things are reopening again, the economy is starting to get cooking, restaurants are starting to open up, so this is definitely a good sign, but we still have to monitor what’s taking place in the coming months.”
Many companies are continuing to stay closed due to COVID-19 and some have announced they will not be reopening, leaving nearly 40 million Americans currently laid off and wondering if they have lost their job for good. Fiduciary financial advisor Jordan Schwartz weighed in on the situation stating that though times are tough, companies are tapping into a lot of innovative ideas to generate business and this is a good thing for Americans.
“One thing we can take comfort and solace in is though some jobs no longer exist, companies are being creative and there will be new jobs created after it,” Schwartz say. “This is going to take some time for the labor market to return to as good as it was before COVID, but I do think a lot of jobs will come back on once this is over.”