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Hedgeye held its second quarter of 2013 Macro Themes Call for subscribers earlier this week, which partially focused on employment trends and what it means for the markets. Employment trends have been improving considerably since early 2011, with jobless claims and non-farm payroll (NFP) and household survey employment improving significantly since then. While data might be accelerating at a lesser rate, it has yet to totally roll over and decline since then. Small business is hiring and employment growth overall is improving.

You can listen to Hedgeye CEO Keith McCullough discussing employment trends and view the related slides from our presentation in the video posted above.