Products January 1, 2004

Morningstar Helps Find Portfolio Risk

January 25, 2002 (PLANSPONSOR.com)- Investors may know that some investment decisions are risky, but few probably know how to measure that risk or its effects on their portfolios.
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To help get that information, investors can now use a new free risk analysis tool released by Morningstar.

Risk Analyzer helps determine which investments contribute to the investor’s risk and shows how to adjust the portfolio’s risk exposure.

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Risk Analyzer displays data on stock and mutual fund holdings within an investor’s portfolio. It illustrates how each holding contributes to overall portfolio risk.

Mark Wright, Morningstar, Director of Tools and Portfolio Content, told PLANSPONSOR.com that financial advisors can also use Risk Analyzer when working with clients.

Investing December 31, 2003

Jobless Claims Plummet to Early 2001 Levels

December 31, 2003 (PLANSPONSOR.com) - In the most positive sign in a long while that the often-faltering economic recovery may be gaining its sea legs after all, the number of jobless Americans applying for initial claims last week fell to the lowest level since early 2001.
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It was the third straight decline in the unemployment figure, according to the latest report from the US Department of Labor (DoL). The DoL said the first-time claims figure came in at 339,000 for the week ending December 27, down 15,000 from a revised 354,000 the week before. This puts the unemployment number at the lowest it has been since February 2001.

The widely monitored four-week moving claims average also fell to its lowest since February 10, 2001, dropping 6,500 to 355,750 from 362,250 the week before. Economists believe the average presents a more stable economic barometer because it irons out short-term volatility.

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The only potential storm cloud in the latest economic data was the fact that the number of people continuing to claim a week of benefits rose by 81,000 to 3.32 million, suggesting many Americans are still having a tough time finding work.

Analysts are eagerly awaiting release of the next job-creation report and unemployment rate for December, scheduled for January 9. According to a Reuters’ poll, analysts estimated that 125,000 new jobs were created in December, accelerating from the increase of 57,000 reported for November.

Analysts in the Reuters poll had predicted 355,000 total jobless claims for the December 27 week.

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