How Does Jobs Data Impact Trading?

May 6, 2005 10:26am by Barry Ritholtz

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:

Source: Michael Panzner, Rabo Securities

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

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