Weekly Investment Strategy

Review the latest Weekly Headings by CIO Larry Adam.

Key Takeaways

  • Delta decline should improve perception of workplace safety
  • Declining savings may force some to seek employment
  • Technology may be the solution if staffing shortages continue

Jeepers Creepers! It’s hard to believe that Halloween is just days away, and as the month of October comes to a close investors will be anxiously awaiting the release of the jobs report next Friday. There has been some ‘toil and trouble’ in the labor market due to the vast number of jobs available yet an inability to fill the openings. As a result, the cumulative job gains for August and September were substantially below consensus expectations (~430K actual versus ~1.2M expected). But the good news is that the 'spell’ cast on weak labor force growth should be lifted soon, and the labor market should start giving the economy more ‘treats’ than ‘tricks’ in the months ahead. Below is a list of the developments that should support the labor market improvements and help the economy create at least 300 to 400 thousand jobs, on average, per month over the next year.