The U.S. economy lost 33,000 jobs in September, the first monthly decline since 2010, despite consensus forecasts of 100,000 new positions. The total labor force nevertheless surged to a record high, as the unemployment rate fell to a 16-year low of 4.2%. Average hourly earnings recorded the largest monthly gain in 10 years, spiking 0.5% after recent disappointing reports.
Many investors look to laddered bond strategies in order to generate predictable streams of income. Laddered bond strategies purchase multiple bonds across a wide array of evenly spaced maturities in an effort to reduce interest-rate risk.