• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye U.S. Macro analyst Christian Drake. Click here to learn more.

"... One relationship we re-highlighted on the call  – and one worth highlighting again here since it’s Jobs day – is the relationship between Temp hiring and peak Employment.   

 

The temporal procession looks like this: Temp Hiring Peaks => Jobs Openings Peak => Total Employment Peaks

 

Specifically, Temp hiring has lead the peak in Job Openings by 9 and 8 months, respectively, over the last two cycles and Job Openings peak shortly ahead of the peak in Total NFP."

CHART OF THE DAY: This Won't Help Slowing Jobs Growth - 7 8 16 Temp COD