Employment Trends Accelerating

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Employment Trends Accelerating


All but one state saw gains in October and gains are spread across all sectors

UPDATE

The Fed is backing the “tight labor market” thought. It is no longer highly skilled workers who are in short supply…

Two Sigma’s Venn outlines factor performance for March

EuropeEquities did well last month as most market watchers have noted that Value outperformed growth. In his March Factor Performance report, Alex Botte of Venn by Two Sigma noted that March was a strong month for the global Equity factor, especially in developed markets. Q1 2021 hedge fund letters, conferences and more He said Europe Read More


 

ORIGINAL POST

The report:

For Immediate Release 10:00 AM ET, Wednesday, December 2, 2015

Online Labor Demand Increases 232,000 in November

? Strong November gain follows large October increase

? Gains were widespread across States and MSAs

? Services/Production occupations saw strength in holiday/seasonal-related categories

NEW YORK, December 2, 2015…Online advertised vacancies increased 232,000 to 5,684,500 in November, according to The Conference Board Help Wanted OnLine® (HWOL) Data Series, released today. The October Supply/Demand rate stands at 1.45 unemployed for each advertised vacancy with a total of 2.5 million more unemployed workers than the number of advertised vacancies. The number of unemployed was around 7.9 million in October.

“Following a weak second and third quarter, employer demand has strengthened in the fourth quarter with two months of strong increases,” said Gad Levanon, Managing Director of Macroeconomic and Labor Market Research at The Conference Board. “In 2015, employers have continued to show high levels of monthly labor demand along with a moderate average monthly growth.”

In November, the Services/Production category saw gains in most areas, with large gains in Office/Admin (+42.2), Food (+34.4), Transportation (+28.2) and Sales (+27.7). The Professional category saw gains in all areas with large gains in Healthcare (+28.5), Computer/Math (+17.9) and Business/Finance (+13.6).

Screen Shot 2015-12-02 at 12.43.36 PM

Here is the kicker…..nationally there are 1.45 people unemployed for every job listed……that is an obscenely low number…

 

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Todd Sullivan is a Massachusetts-based value investor and a General Partner in Rand Strategic Partners. He looks for investments he believes are selling for a discount to their intrinsic value given their current situation and future prospects. He holds them until that value is realized or the fundamentals change in a way that no longer support his thesis. His blog features his various ideas and commentary and he updates readers on their progress in a timely fashion. His commentary has been seen in the online versions of the Wall St. Journal, New York Times, CNN Money, Business Week, Crain’s NY, Kiplingers and other publications. He has also appeared on Fox Business News & Fox News and is a RealMoney.com contributor. His commentary on Starbucks during 2008 was recently quoted by its Founder Howard Schultz in his recent book “Onward”. In 2011 he was asked to present an investment idea at Bill Ackman’s “Harbor Investment Conference”.

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