How Does Jobs Data Impact Trading?

While most of us are intuitively aware of the impact that the monthly employment report has on the equity market, Mike Panzner delivers a graphic overview to puts it into perspective:

  Data   Overall Average On Jobs Report Days 
Absolute Net Change %   0.77% 0.99%
Intraday High-Low Range %   1.36%   1.61% 
Up Days as a % of Total*   51.06%    56.62%

* divided by 100 for clarity
on the accompanying chart
Includes data from 1/1/94 through the present

click for larger chart:

Sp500emp_1

Source: Michael Panzner, Rabo Securities

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(Kudos to Mike on getting mentioned in the WSJ’s Ahead Of The Tape column this morn).

What's been said:

Discussions found on the web:
  1. Dow19999 commented on May 6

    The impact of Jobs Data release

    Maybe it is only an excuse to shake the market.

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