Chart: https://imgur.com/a/4zn087r
The feds payrolls release tops estimates, but looking at historical revisions these numbers may be brought down. Observing the trend in revisions, it appears that employment data's contribution from its more lagging and unpredictable elements have a 3 month negative bias. This could be a predictive factor to consider the impact of the current release, especially has job growth is trending down ward and credit tightening continues to stifle growth in job openings, especially leading sectors such as construction and manufacturing.
(Job Openings: https://fred.stlouisfed.org/series/JTSJOL)
(Job Openings Construction: https://fred.stlouisfed.org/series/JTS2300JOL#0)
(Job Openings Manufacturing: https://fred.stlouisfed.org/series/JTS3000JOL#0)
[link] [comments] https://www.reddit.com/r/stocks/comments/138sgoo/current_release_payrolls_with_a_contextual_look/
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