4/5/2019 Weekly Update: Employment Situation

Weekly Recap                                                                        

S&P 500                +2.2%

10 Year Treasury   -0.66%

Gold                      -0.03%

Volatility              -5.54%

Weekly Update: Employment Sitch’

The market action this week was subdued.  The S&P 500 is on a 7-day win streak and it has been a slow and steady 7 days.  Optimistic incremental news on trade talks with China seems to have set the positive tone for the equity market as emerging market stocks outperformed.  

The jobs report today was really the only potential market moving news that occurred during the week.   The report came in as expected and did little to spark any notable market reaction for either the equity, bond or commodity markets.  Nonfarm payrolls increased a seasonally adjusted 196,000 in March as reported by the labor department this morning.  This figure gives economists more confidence that the mere 33,000 created in February was perhaps a one-off and not the start of a diminishing trend.  A graph of the month by month jobs created follows.  (Gray bars and left Y axis)

The unemployment rate held steady at 3.8% last month, just above a 49-year low of 3.7% touched last September.  A graph of the monthly unemployment rate follows.

If you are interested, you can read the Employment Situation Sumary here https://www.bls.gov/news.release/empsit.nr0.htm

Thanks for reading,

Zach and Dave

Calibrate Wealth
515-371-5316  

https://www.calibratewm.com/blog-01

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