Bank of America Corp (BAC), Goldman Sachs Group, Inc. (GS), Caterpillar Inc. (CAT): What the Jobs Report Means for You

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3. Be smart about investing in your career.
Weak employment has been especially hard for young adults coming into the workforce. With the unemployment rate among those ages 16 to 19 at a whopping 24.2%, counting on getting a job straight out of high school isn’t realistic, making going to college in the hopes of landing a better job more important. Yet a college education is no longer a guarantee of success either, especially if you end up incurring large amounts of student debt to finance it. For young adults, it’s vital to consider both costs and benefits in planning your career to give yourself the best prospects.

Keep working
A weak jobs report is scary even if you have a job. But paying attention to employment trends will keep you moving in the right direction in your career and help you avoid costly mistakes.

The article What the Jobs Report Means for You originally appeared on Fool.com and is written by Dan Caplinger.

Fool contributor Dan Caplinger owns warrants on Bank of America. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends Goldman Sachs. The Motley Fool owns shares of Bank of America.

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