The next jobs report is due out next week, this leading indicator suggests it will be another good print

Livewire
The next jobs report is due out next week, this leading indicator suggests it will be another good print. The jobs differential is considered a good leading indicator of the job market's health. It is basically the difference between the number of people who said jobs were hard to get and those who said jobs were plentiful. In recent months it has been falling fast - a good sign. In August, it fell to 12.4, a new post crisis low, from 15.3 in July. This is an indication that job creation has been so robust that regular Americans are starting to notice. Essentially, Americans now feel jobs are about as hard to get as they were during early 2004, when the US economy was really starting to gain traction after the recession of the early 2000s. Read the full article: (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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No areas of expertise