In our Weekly Economic Commentaries over the last two weeks (Jobs: Far From “Back to Normal,” November 4, 2013, and Labor Market: On the Mend, but Not “Back to Normal,” November 11, 2013), we discussed the state of the U.S. labor market in late 2013, and whether or not it has returned to “normal.” In those reports, we defined “normal” as mid-to-late 2007, just prior to the onset of the 2007 – 09 Great Recession. But was mid-to-late 2007 really normal for the labor market?
For the U.S. stock market, it appears the rolling five-year has been the return that investors have most closely followed based upon their investing behavior in recent years. The five-year trailing annualized return for the S&P 500 has been weak, especially when compared with bonds, in recent years…..
The Bureau of Labor Statistics (BLS) of the U.S. Department of Labor will release the October 2013 Employment Situation report this Friday, November 8, 2013. The report was originally slated to be released on November 1, 2013, but it was delayed due to the 16- day federal government shutdown that ended in mid-October 2013…..