RJ and Makay

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As the overall unemployment rate in April dipped slightly to 8.1% amid less-than-expected job gains, the financial activities supersector unemployment rate dropped to 5.5%, from 5.7 in March, according to the Bureau of Labor Statistics (BLS).  The supersector gained 1,000 jobs month-to-month from 7,718,000 positions in March to 7,719,000 in April.

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Much has been written about financial planning for widows and widowers in the midst of their grief and the loss of a spouse’s income. But there is a scarcity of information for the bereaved as they move on to new relationships.  For example, widows that remarry before the age of 60 forfeit the social security benefits of their late spouses.  Partners also face concerns later in life about comingling money when long-term care costs and estate planning become priorities.

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While the overall unemployment rate in March dipped to 8.2% amid less-than-expected job gains, the financial activities supersector unemployment rate rose from 5.3% to 5.7%, according to the Bureau of Labor Statistics (BLS).  However, the supersector gained 15,000 jobs month-to-month from 7,706,000 positions in February to 7,721,000 in March.