Conventional wisdom would say yes, but the market doesn't act on conventional wisdom, it does just the opposite.
According to a list put together by NPR, here are the sectors with the highest and lowest unemployment rates:
"Occupations with the lowest unemployment rates:
* Appraisers and assessors of real estate: 0.4%
* Therapists, all other: 0.4%
* First-line managers of police and detectives: 0.4%
* Locomotive engineers and operators: 0.4%
* Directors, religious activities and education: 0.8%
* Dentists: 0.8%
* Speech-language pathologists: 0.8%
* Detectives and criminal investigators: 0.8%
* Physicians and surgeons: 0.9%
* Occupational therapists: 1.0%
Occupations with the highest unemployment rates:
* Helpers, construction trades: 36.0%
* Telemarketers: 34.8%
* Structural iron and steel workers: 28.4%
* Roofers: 27.1%
* Millwrights: 25.5%
* Cement masons, concrete finishers, and terrazzo workers: 25.3%
* Brickmasons, blockmasons, and stonemasons: 25.1%
* Construction laborers: 25.0%
* Drywall installers, ceiling tile installers, and tapers: 23.9%
* Interviewers, except eligibility and loan: 23.4%"
Outside of locomotive engineers and operators, who are operating on the trains run by CSX CSX, Union Pacific UNP and Norfolk Southern NSC, most of the low unemployment rate professions have not seen strong share price appreciation.
Real estate XHB hasn't done much, especially residential real estate. Names like Toll Bros TOL, Lennary LEN and others haven't done much over the past year. Health care related professions, like doctors and occupational therapists didn't do much, as publicly traded hospitals were off.
The old world economy jobs with high unemployment, like steel workers X performed better.
Why do you think this is?
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Long IdeasTrading IdeasConsumer DiscretionaryHomebuildingIndustrialsMaterialsRailroadsSteel
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in