The Most Important 'Jobs' Number That's Coming Out Today

Today, tomorrow, and Friday there will be plenty of well known labour data coming out.

For example, today we get the ADP report and Challenger. Tomorrow is initial claims. And then Friday is the Non-Farm Payrolls report.

Also, today we get a report that’s not officially about “labour” but is close enough.

Check out the relationship between initial jobless claims (flipped) and monthly auto sales.

chart

Not only do they move in the same direction at the same time, there are even several instances where a minor blip in one is associated with a sharp move in the other.

┬áIf today’s January car sales numbers look good, then watch out.

And just for fun, here’s car sales vs. the inverse of the unemployment rate. Similar story.

chart

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.