Grand Rapids, MI -- (SBWIRE) -- 07/14/2010 -- In his June monthly newsletter update Moving Markets, noted financial advisor Dennis Tubbergen discusses unemployment numbers for the U.S. and how those figures affect the housing market. Tubbergen also questions the ‘good news’ accorded to June’s unemployment rate drop from 9.7% to 9.5%.

Tubbergen, who has over 20 years experience in the financial industry and is CEO of USA Wealth Management LLC, a federally registered investment advisory company, points out the Labor Department’s June report noted there are 1.2 million ‘discouraged workers,’ or people who removed themselves from the search for employment because they believe no jobs are available for them.

Especially disheartening about the 1.2 million discouraged workers: this number is up by 414,000 from June of 2009.

“And the people who removed themselves from the labor force? They simply gave up trying to find a job. These frustrated workers are not counted as unemployed since they are no longer looking for a job.”

Tubbergen is adamant that unemployment numbers have a direct link to housing, explaining in part why the housing market remains depressed.

“Unfortunately, the millions of homeowners awaiting a housing market recovery may have to wait a big longer, quite a bit longer,” concludes Tubbergen. “My forecast that that housing market bottom may occur in 2012 just may hold true.”

For more information on Dennis Tubbergen’s views, visit www.dennistubbergen.com.

The opinions expressed herein are those of the writer and not necessarily those of USA Wealth Management, LLC. This update may contain forward-looking statements, including, but not limited to, statements as to future events that involve various risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual events or results to differ materially from those that were forecasted. Therefore, the information contained herein is not intended to constitute investment advice and should not be interpreted as a recommendation to buy, sell or hold a particular investment. Information obtained from third party resources is believed to be reliable but the accuracy cannot be guaranteed.