US equities markets may be reacting to investor concern over macro events, but recent job market data show the economy continues to improve
Argonath Financial
US equities markets may be reacting to investor concern over macro events, but recent job market data show the economy continues to improve. First, the ADP Employment Report shows an increase of 213,000 jobs in September, slightly ahead of the consensus estimate. The year-over-year trend is at 2.2%, which represents steady growth (and what we've come to expect in recent months). What's more, today's initial jobless claims number dropped 8.000 from last week to 287,000. That's the second lowest number since 2000. It's also a 9.7% drop from this time last year. Moreover, the 4-week moving average dropped a healthy 4,250 to 294,750. Tomorrow's official jobs number could be big news, but there's certainly reason to be optimistic about the results given the rest of the week's data. (VIEW LINK) (VIEW LINK)
I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
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I'm an investments analyst for a US-based independent investment research firm. My focus is on economics, options, and all types of stocks, but especially tech, Internet, and renewable energy companies. I have experience as a options market...
Expertise
No areas of expertise