The Jobs Report - One of the first things one learns when studying for beginning financial exams is the difference between a leading indicator, a coincident indicator, and a lagging indicator.
In general, the stock market is considered a leading indicator of economic activity. What is the jobs report? A coincident indicator.
So, with this in mind, does anyone think today's jobs report is giving us the signal that U.S. economic activity has peaked (i.e. a recession is on the way in)?
Here's a look at today's figures.
Looking at the Month-over-Month Picture
The commonly quoted figure is the month-over-month job growth figure. This measure came in at a strong +292K, much higher than the 200K the...
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