US equities markets may be reacting to investor concern over macro events, but recent job market data show the economy continues to improve

Jay Soloff

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)


Jay Soloff
Jay Soloff
Research Analyst
Argonath Financial

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

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.