"Looking forward to seeing the employment numbers at 8:30 this morning," he tweeted. The problem: The president's tweet came before the release of the report by the Bureau of Labor Statistics, which breaks protocol about not commenting on the report before its public release. Trump's tweet hinted a positive report, providing a signal to markets. Presidents typically get to see the numbers the day before, per a longstanding tradition. Larry Kudlow, director of the National Economic Council, confirmed that he told the president about the numbers on Thursday night aboard Air Force One. Friday morning's report was indeed positive: U.S. employers added 223,000 jobs in May, and the unemployment rate slipped to an 18-year-low of 3.8%. Kudlow told reporters that the president did not reveal the details of the report and said it was no big deal that he tweeted a preview of its release. “Why not?” Kudlow said. “He didn’t give any numbers.” Still, Jason Furman, a Harvard Ken...
If you’re in the midst of applying to insurance jobs or are looking into roles for down the road, it’s important to know which skills your potential employers are seeking during the application process. Here are some of the most sought-after skills you’ll need for success in your insurance career. 1. Communication In an insurance role, you’ll be required to communicate with internal and external stakeholders. This is why employers seek candidates who stand out when it comes to their communication skills. When applying for an insurance role, be sure to showcase any experiences, courses, or volunteer work that have developed your communication skills and be sure to highlight them in your application. 2. Customer service As an insurance professional, you will be managing multiple relationships and priorities. Ensuring that you are understanding your customers’ needs, professionalism, managing your time and their expectations effectively and delivering what you promise can play a key role ...
When you buy insurance, you’re buying a promise that if something catastrophic happens to your business your carrier is going to assist you to make your business whole again. Sometimes, though, it’s tempting to question the value of insurance because it is an intangible product. Let’s back up and take a big-picture view of why insurance matters. Here are seven reasons why insurance is important. 1.) Insurance Protects the Small Guys When you look at your industry, you see the “big guys” and the “small guys.” If a risk goes wrong, the big guys will be able to survive. They can take a hit. But the little guys can’t take a hit. As a result, they are more risk averse, and in some cases, they sell out to the big guys. If enough little guys leave the industry (and one big guy swallows them up), you’re left with a monopoly. With insurance, however, the little guys have support if they want to take a risk, which means they stick around longer. What it comes down to is that insurance helps prev...
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