Caution - Is A Lagging indicator for Stock Markets
- Some will actually claim that stock markets are a leading indicator for BLS job reports
- Example: 2000 Recession
- 467,000 new jobs were reported in March 2000
- 6 month prior average gain was 306,000 per month
- The Nasdaq dropped 33% in April 2000
- Nasdaq dropped 50% within 18 months
- US economy was in recession within 1 year