Could this be a labor market tipping point?

The unemployment rate in Kansas is 2.3 percentage points (or 106,200 workers) above where it was in September a year ago.

The unemployment rate in Missouri is 3.2 percentage points (or 285,800 workers) higher than it was a year ago.

But new data out today from the U.S. Bureau of Labor Statistics gives some cause for hope.

The Kansas jobless rate, according to preliminary numbers, dropped from 7.2 percent in August to 6.9 percent in September.

The Missouri jobless rate stayed put at 9.5 percent -- which is better than another increase.

The labor department's numbers say Kansas employers had 56,700 fewer jobs on payroll and Missouri establishments had 80,300 fewer in September 2009 than in September 2008.

Clearly, there's considerable room for improvement in job market health. But if the numbers continue to improve in October -- or at least not worsen -- we could find evidence that the job market finally hit bottom in our two states.

You can dig into the numbers at the BLS Web site.

Submitted by Diane Stafford on October 21, 2009 - 10:14am.
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4/9/09

Question:

BRB asks

Who do I talk to for financial advice that does not involve them trying to sell me something? We are 60 and 59, have a 200,000 annuity, are 60-70,000 credit card debt, have a house that is half paid for,own a condo in fl that is not paying for itself, have a good credit rating, not behind on anything, not facing foreclosure, wife on disability, husband still working, Want to pay off credit cards, but don't know how. Should we use part of annuity? I just want to know who to ask for help. Thanks

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It looks like you would be well served by a comprehensive financial plan which would address your concerns and give you a clear picture of where you are at financially. Financial advisors are paid in two different ways. Some receive commissions for the products they sell you. There are also fee only financial planners who work for you for a set fee and sell no products. In their case you know exactly how much it will cost you up front. It would also be preferable to use a financial planner who is a Certified Financial Planner.

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Submitted by FPA on April 9, 2009 - 2:00pm.
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