CLIENT LOGIN
-
-
CIO INSIGHTS
-
BACK TO CIO INSIGHTS
BACK TO ARTICLES & INSIGHTS HOME
-
-
-
-
Investment Insights are written by
Angeles' CIO Michael Rosen
Michael has more than 30 years experience as an institutional portfolio manager, investment strategist, trader and academic.
im电竞app平台下载
Published: 02-06-2015The US economy is stronger than we think: 257,000 net new jobs in January, but another 404,000 jobs were “found” (due to a recalculation) in November and December. More than 140 million are currently employed, a record high (see Chart below).
The unemployment rate is 5.7%, but if we include part-timers and discouraged, that percentage rises to 11.3%. Way too high, but making progress (see Chart below).
One of the details in the data is the number of people quitting their jobs: 9.5% of the unemployed quit their jobs, the highest percentage since 2008. This is a datum only a wonk (or a Fed Chair—Janet Yellen has singled out this number as particularly meaningful for her) could love, as it presumably shows a higher confidence among voluntary quitters that they will find another job.
There’s always lots of noise in the data, but the US economy, if not humming, is certainly chugging along.
PRINT THIS ARTICLE-
Party Like It's 1999? 06-12-2015
Some observers point to the eye-popping valuations for companies with little revenue (WhatsApp, e.g., bought by Facebook ...
READ MORE -
Plunging 07-24-2015
Commodity prices are in free fall. The Bloomberg Commodity Price Index (5-year chart below) is off about 30% in the last ...
READ MORE -
Too Many Words 12-22-2014
Among monetary economists, there is a raging debate over the merits of the Fed's burgeoning balance sheet. Back in ...
READ MORE
-
-
SUBSCRIBE TO ANGELES' INSIGHTS
Get the latest investment information and stay on top of market trends.
-
SANTA MONICA
555 SANTA MONICA BLVD
SUITE 650
SANTA MONICA, CA 90401
310.393.0000
GET DIRECTIONS -
CONTACT US
NEW YORK
333 PARK AVENUE
SUITE 2209
NEW YORK, NY 10152
212.451.9999
GET DIRECTIONS -
CHICAGO
444 D. MICHIGAN AVE
SUITE S1700
CHICAGO, IL 60611
312.212.6666
GET DIRECTIONS