Forget the backward looking government jobs data – look at job advertising for a view of what’s ahead.

While the market reacted negatively to the government jobs report today people ignored a positive signal arising from the level of online help wanted ads reported by the Conference Board on June1 and commented on by Mark Perry on his blog here.  The signal is straightforward.  The level of help wanted ads have returned to pre-recession levels.  While the pace of job creation will continue to be hotly debated, the direction in job creation is up – not down.  The implication is that the economy is still primed for growth and hence equity values can also grow.   Jeb Terry, Sr. June 3, 2011 

Source: Mark Perry, Carpe Diem

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