Gavekal Capital: Divergence Between JOLTS and Payroll Data Is Closing

Friday, January 17, 2014

Divergence Between JOLTS and Payroll Data Is Closing

We have noted before the strange divergence between the JOLTS employment data and the monthly nonfarm payroll employment data before. The latest JOLTS data indicates that this spread is closing.

In other US economic news, industrial production rose 0.3% MoM in November, in line with expectations. Capacity utilization rose to a 67-month high in December to 79.21.

About Gavekal Capital

Gavekal Capital is a US registered investment advisory firm that manages the Gavekal Knowledge Leaders Strategy. Knowledge Leaders are a group of the world’s leading innovators with deep reservoirs of intangible capital. These companies often possess competitive advantages such as strong brand, proprietary knowledge or a unique distribution mechanism. Knowledge Leaders are largely service-based and advanced manufacturing businesses, often operating globally. Gavekal Capital seeks to identify the world’s leading knowledge companies through a proprietary process that analyzes corporate knowledge investments.
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