Tyler Simones, with Northwest Quadrant Wealth Management in Bend, says “a month’s data point is hard for us to go on.” He adds– “this recovery certainly has been a lumpy one. The data usually doesn’t go in one direction or the other.”
Simones expects the government’s December jobless report will be revised upward, but not significantly. He says the best way to look at all employment data is to do a 4 month rolling average.
Another important indicator for Simones is the weekly jobless claims report released on Thursdays. He says the number of claims is a good indicator of which way the unemployment rate is headed.
Photos: courtesy Associated Press, NW Quadrant Wealth Management