(DCNF)—CNN business reporter Matt Egan said on Thursday that the jobs market has defied negative forecasts.
The U.S. economy added 147,000 nonfarm payroll jobs in June, according to Bureau of Labor Statistics (BLS) data published on Thursday. Egan, on “CNN News Central,” noted that both the job creation figure and the unemployment rate came in better than anticipated.
“This jobs market is like the Energizer Bunny. Every single time we expect it to run out of steam, it just keeps going and going. So these new numbers show that the U.S. economy added 147,000 jobs in June,” Egan said. “That was well ahead of the expectation of about 118,000, well ahead of some whispers that we heard on Wall Street of a sub-100,000 number.”
“So this is indeed beating expectations. We were also expecting a slowdown,” he continued. “We did not get that. This is basically in line with May, which was revised higher. It’s also good news.”
The BLS revised April and May job numbers upward by a combined 16,000 jobs — 11,000 for April and 5,000 for May.
“The unemployment rate was expected to go up. It didn’t. It went down to 4.1%. That is a very healthy number. This is still relatively historically low. And again, it’s below the 4.3% that we had expected,” Egan added. “When we look at the trend in the jobs market, you can see that things have slowed down from last year, but not in an alarming fashion.”
“We did expect to have weaker numbers here in the last few months. And so really, things are holding up a lot better than feared,” he said. “The unemployment rate, again, it’s nowhere near where it was a few years ago.”
A poll conducted in May by the Job Creators Network Foundation (JCNF), first shared with the Daily Caller News Foundation, found that 58% of small business owners said they felt “optimistic” that President Donald Trump’s administration would help small businesses.
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The Biggest Threat to Your Retirement Is Actually a Very Good Thing
When you look at the headlines today, you’ll see experts in the retirement industry warning about big threats to your financial security:
- De-dollarization and the rise of BRICS
- Soaring national debt
- Unstable interest rates
- Weakened U.S. dollar
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It’s longevity.
Why Longevity Is the Silent Threat
For most of human history, the problem was the opposite — life expectancy was short, and few people even reached retirement. Today, thanks to medical advancements, healthier lifestyles, and better living conditions, people are living longer than ever before.
And while that’s a wonderful thing, it comes with a financial catch: Your retirement account has to last far longer than you might expect.
- A 65-year-old couple today has a 50% chance that one of them will live to 90.
- Some projections suggest that many of us will live well into our 90s, even 100+.
- This means your nest egg may need to stretch not for 15 years, but 25, 30, or even 40 years.
That’s where the real danger lies: running out of money before you run out of life.
The Retirement Equation Has Changed
While market volatility, debt crises, or central bank policies may feel like the scariest threats, they’re temporary storms. Longevity, however, is a structural shift. Every extra year of life is another year of expenses, another year of inflation erosion, and another year of financial pressure.
If your retirement plan doesn’t account for longevity, you could face tough choices later in life — downsizing, working when you’d rather not, or becoming financially dependent on others.
How to Take Control
The good news? Longevity is a blessing — as long as you’re prepared for it. With the right planning, your retirement savings can work for you instead of against you. The key is learning how to protect your wealth, outpace inflation, and ensure your savings grow even as you live longer.
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