Monday, July 31, 2017

Quote (and Chart) of the Day: Eurozone employment setup speaks positively about economic prospects...

More on the positive Eurozone setup, courtesy of Bespoke Investment Group:
As shown in this chart, the hiring plans for manufacturing companies (a reasonably useful proxy for total economy labor demand) have continued to make new highs, foretelling a further acceleration in employment within the Eurozone. European labor markets at this stage appear to be in virtuous cycle territory: more workers means more payrolls, which means more consumer spending, which means more workers to meet the new demand, which means more payrolls…so on and so-forth. 

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