STOCKS AND THE MARKET AND EMPLOYMENT

BY: Adam Gavriel

The best reflection of how the United States economy, and the world economy in some cases, is going is shown by the stock market. What’s even more incredible about this, is that is an instant indicator, and one that will tell a story in very few words. The stock market can make or break a fortune; but if a picture says a thousand words, how many words does a graph say?

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Here is a graph of today’s market movements so far. In blue, the Dow, in red, the NASDAQ, and in yellow, the S&P 500. All trending downward since the market opened this morning.

This is all because early Wednesday morning reports cited that the economy is continuing to “recover” at its incredibly sluggish pace.

From an article posted on Yahoo! News this morning:

“Investors have become increasingly sensitive to economic reports in the last two weeks. They are trying to anticipate when the Federal Reserve will pull back on its $85 billion of bond purchases a month. That program has supported markets this year, and on some days stocks have even rallied on speculation that an ailing economy would ensure the stimulus will remain in place.

“We’re pleased to see the market sell off on some bad news,” said John Lynch, a regional chief investment officer for Wells Fargo private bank. “The whole idea that bad news was good news was frustrating because it suggests to me that the markets are becoming too Fed-dependent.””

On Friday, the United States Department of Labor will release the employment report from the month of May. Many economists expect the Unemployment rate to continue dropping to a more manageable number. The problem will continue to lie in the speed of the recovery, which is making the economy seem more and more stagnant every month.

As an employment agency, we are seeking candidates every day to fill the open job positions that we have TODAY. We pride ourselves on being a search firm, so we may find you before you find us, but wouldn’t it be greater to meet in the middle somewhere?

At Crossroads Consulting, we firmly believe in being an employment agency that fully understands their clients on both sides of the employment spectrum, we aim to be human. That is why it is our goal as a search firm to put the ‘human’ back into ‘human resources.’

If you’re not comfortable in your resume, we can help you there with our recommended resume service.

Please do not hesitate to get in contact with us, because it is only together that we can speed up the rate at which unemployment falls!

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