Economic News, Outlook & Notable Numbers - October 2012
Key U.S. Economic News
■ Non-farm payrolls increased by 114,000 in September and payroll gains in July and August were revised higher by +86,000. The household survey showed a significant increase in employment following three months of little change, pushing the unemployment rate down to 7.8%.
Graduating with Debt
According to some measures, total student debt in the United States surpassed $1 trillion last spring and is now more than Americans owe on credit cards or auto loans.1
In 2010, about 56% of students who received a bachelor’s degree from a public college or university had an average debt of $22,000
Take Advantage of Medicare Open Enrollment
Nearly 50 million Americans are covered by Medicare, including most people 65 and older and many disabled people under age 65.1
Medicare benefits in Charleston, Miami, Charlotte or Atlanta can be valuable — the average benefit per enrollee in the USA was $12,042 for Parts A, B, and D in 2011.2 Beca
Introducing UITs
You may be familiar with the most common types of investment companies — mutual funds and exchange-traded funds — but how much do you know about a third type: unit investment trusts (UITs)?
A UIT purchases a portfolio of stocks or bonds.
