The S&P 500® LinkUp Jobs Index
To help investors better understand macroeconomic trends affecting U.S. and global markets, S&P Dow Jones Indices has partnered with LinkUp, a leading data-driven job search company, to create the S&P 500 LinkUp Jobs Index Series. The indices provides greater transparency into the hiring profiles of companies that are included in the S&P 500.
- S&P 500 LinkUp Jobs Index
- S&P 500 LinkUp Jobs Energy Index
- S&P 500 LinkUp Jobs Materials Index
- S&P 500 LinkUp Jobs Industrials Index
- S&P 500 LinkUp Jobs Consumer Discretionary Index
- S&P 500 LinkUp Jobs Consumer Staples Index
- S&P 500 LinkUp Jobs Health Care Index
- S&P 500 LinkUp Jobs Financials Index
- S&P 500 LinkUp Jobs Information Technology Index
- S&P 500 LinkUp Jobs Communication Services Index
- S&P 500 LinkUp Jobs Utilities Index
- S&P 500 LinkUp Jobs Real Estate Index
- Why do investors have an appetite for this type of index?
Reid: The S&P 500 LinkUp Jobs Index provides a unique view inside companies. The index helps investors understand whether companies are seeking to expand their labor forces and if so, at what rate. This type of data has always been of interest to investors: the U.S. Bureau of Labor Statistics’ (BLS) monthly report on payrolls is among the most-watched economic indicators by investors. As a jobs-focused measure, the S&P 500 Linkup Jobs Index fits in the same general category as the BLS report but is more forward looking, indicating what jobs will be filled as opposed to which jobs were filled. This new index is also timelier, updating weekly instead of monthly, and with just a single-week lag.
S&P DJI has long produced these types of measures, and they tend to be popular with investors. The best example is the S&P CoreLogic Case-Shiller Home Price Indices. This index series is second only to the S&P 500 in terms of the amount of traffic we receive on our website. The S&P 500 LinkUp Jobs Index will sit beside this renowned home price index series as an important economic indicator.
Toby: No other index provider measures jobs; thus, the S&P 500 LinkUp Jobs Index is the first and only to provide insights into the health of the global labor market. These indices deliver predictive signals around specific events such as layoffs, closures, product launches and discontinuations, divestitures, and store/facility openings, as well as other talent management indicators such as turnover.