Presenter(s)

    Luke A Bir

    Download

    Download Project (109 KB)

    Description

    Financial economists consider price movements in stocks a function of both fundamental and macroeconomic factors. In this study, I examine the relationship between U.S. service employment, a large component of total U.S. employment, and two market sectors that rely on consumer spending for sales and earnings growth. Using regression analysis, I regress service employment on the consumer staples SPDR price index(XLP) and the consumer discretionary SPDR price index (XLY). I test the hypothesis that the regression coefficients (B) are greater than zero. The time period for the analysis is 2009-2016, which is also marked by an aggressive policy of monetary easing and a sustained rebound in the stock market.

    Publication Date

    4-5-2017

    Project Designation

    Independent Research - Undergraduate

    Primary Advisor

    Trevor C. Collier

    Primary Advisor's Department

    Economics and Finance

    Keywords

    Stander Symposium project

    Service Employment Trends and Stock Price Movements in the Consumer Staples and Consumer Discretionary Sectors from 2009-2016

    Share

    COinS