Analyzing Market and Sector Performance on Recent Jobs Report Fridays
Thursday, February 2, 2012 at 11:15AM Economists are expecting tomorrow’s Non Farm Payrolls report to show job growth of 145k. Using our Database of Economic Indicators available to all Bespoke Premium Plus and Institutional clients, we created the table below which highlights the performance of the S&P 500 and each of the ten sectors on employment report days since the recession ended in June 2009.
Even though last month’s report came in better than expected, the S&P 500 declined on the day, making it the 8th consecutive down day for the index on a jobs report Friday. This is the longest losing streak since at least 1998 when our database begins. So which sectors do best when the jobs report comes in stronger or weaker than expected?
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