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

Title

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

Authors

Presenter(s)

Luke A Bir

Files

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 poster

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

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