Chart of the Week: Nonfarm Payrolls (% change from recession end)

Highlighting the fact that markets anticipate economic events, we see payroll picture is finally improving. Although this post-recession cycle clearly lags previous recoveries, job creation is finally moving in the right direction.

Nonfarm Payrolls (% change from recession end)employment_post_recession
Source: BLS, Chart of the Day

This graphic will be significant for both the broader economy as well as the closely contested U.S. Presidential election.

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Quote of the Day:
“The average investor desires to be told specifically which particular to buy or sell. He wants something for nothing. He does not wish to work
– William Lefevre Reminiscences of a Stock Operator, 1928

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