Just recently, the Bureau of Labor Statistics (BLS) released the employment data for October 2016. Economists rely heavily on this data to help gauge the health of the economy. Investors believe the data provides valuable insight into the likelihood that the Federal Reserve adjusts monetary policy in the near future.
Due to its importance, we have put together a series of charts to serve as a gauge of current employment conditions. Notice that many, but not all, of the post 2008/09 employment trends have stopped improving. While they are not necessarily reversing, consolidations in these trends have led to reversals and in many instances, recessions in the past.
Michael Lebowitz, CFA is an Investment Analyst and Portfolio Manager for RIA Advisors. specializing in macroeconomic research, valuations, asset allocation, and risk management. RIA Contributing Editor and Research Director. CFA is an Investment Analyst and Portfolio Manager; Co-founder of 720 Global Research.