Macro Trends/Forecasts

Jeff Miller

"The Man Who Called Dow 20,000" --CNBC

Another Good JOLTS Report

The JOLTS report for May was just released.  Points to watch for include these three charts.

The sector tracking shows where the jobs are.  Construction is showing strength in openings -- something that we should consider in terms of recent data on lower spending.  Activity hurt by shortage of skilled labor?

And finally, the little-understood Beveridge Curve. Here is the BLS interpretation:

Most observers incorrectly interpret this report as just another measure of job growth.  It is really about labor market structure, changes, and possible tightness.

Jeff Miller provides Economic Analysis as well as Market Forecasts as one of the original contributing analysts at FATRADER. A quantitative modeling expert and former university professor who is the #1 Economics contributor at Seeking Alpha, Jeff is regarded as an expert on economics, market reaction to news events, and computer-based trading.
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