Tech Stocks – Apple and U.S. Job Openings
Tech Stocks – Apple and U.S. Job Openings Some tech stocks tend to be correlated with the U.S. labor market. Image: BofA Global Investment Strategy
Tech Stocks – Apple and U.S. Job Openings Some tech stocks tend to be correlated with the U.S. labor market. Image: BofA Global Investment Strategy
S&P 500 Operating Profit Margins U.S. profit margins have narrowed as corporate prices have become lower than labor costs. Image: BCA Research
Inflation – Small Businesses’ Single Most Important Problem Inflation and cost of labor are affecting small businesses. Image: Arbor Research & Trading LLC
Length of Time before Jobs Fully Returned after a Recession How long will it take for the U.S. labor market to fully recover? Image: Ryan Detrick, LPL Financial LLC
U.S. Jobs – U.S. Nonfarm Employment Is the labor market running hot? 10 million jobs are still missing in the United States. Image: Financial Times
S&P 500 Total Number of Employees to Total Revenues Ratio In 1986, it took 8 employees to generate US$1 million in revenue. Today, the S&P 500 is 70% less labor intensive than it was in the 80s. Image: BofA Global Research
U.S. Wage Inflation – Average Hourly Earnings: Leisure and Hospitality Wage inflation is building in the service industry in a context of labor shortages. Image: BofA Global Research
U.S. Small Business Confidence and U.S. Employment Peak to Recovery Small business confidence is rebounding, but it could take many years for the U.S. labor market to recover. Image: BofA Global Investment Strategy
U.S. Nonfarm Employment This chart suggests a two-phase labor market recovery in the United States. Image: Oxford Economics
U.S. Job Openings and Unemployment The U.S. labor market is very tight. There are still more open jobs than unemployed workers. Image: FactSet
U.S. Consumer Confidence and U.S. Unemployment A tight U.S. labor market and low interest rates should continue to support U.S. consumer confidence and spending. Image: Goldman Sachs Global Investment Research