Compilation Of Jobless US Green Shoots

Before we dive into jobs data, ECRI proudly presented today that Weekly Leading Index Growth Rises Further, with corresponding charts and data here.

Bureau of Labor Statistics of the U.S. Department of Labor reported today:

Nonfarm payroll employment continued to decline in June (-467,000), and the unemployment rate was little changed at 9.5 percent...

Chart below courtesy of Citigroup Global Markets, click to enlarge.

The economists at BNP Paribas responded with a commentary here.

The compilation of opinions on jobs data by The New York Times Economix, and by WSJ Real Time Economics.

Unemployment is deemed to be lagging indicator, ECRI WLI is, as the name suggests, deemed to be leading. The nerves of risky asset traders did not hold today, equities and oil decided to be offered at discounts ...
Why markets are focusing on lagging indicator?