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Bob Elliott: Employment improves but remains weak compared to past earnings boom

Bob Elliott: Employment improves but remains weak compared to past earnings boom
Employment gains lag earlier earnings boom

Bob Elliott, co-founder and CIO at Unlimited, points to recent improvement in employment measures but indicates that overall conditions remain weak compared to the previous earnings boom.

Elliott also highlights that employment growth is still not sufficient to keep up with recent household spending increases.

Elliott has recently commented on market shifts beyond employment trends. He noted that copper prices reached record highs with a 50 percent jump over the past year. He also reported that oil prices rose as a large inventory draw offset supply gains in the Gulf.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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