05|08|2023

Leading Indicator Watch | May 5, 2023

AUTHOR: Kerry Hilsabeck, CFP®
TITLE:       Investment Adviser Rep
TAGS:   Jobs, Goods, Yield Curve, Manufacturing, Services, S&P 500

Jobs, jobs, and more jobs were a bright spot in last week’s leading indicator watch: Job markets maintain strength with more job openings available than those looking for work. JOLTs Job Openings did fall to 9.59 (Mar) from 9.974, but ADP Nonfarm Employment (Apr) added 296k jobs vs expectations of 148k.

Be sure to check out more of last week’s leading indicators here and stay tuned for the latest in Market Thoughts.

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