Deutsche Bank: Alpha and Macro Insights from Job Postings

LinkUp’s job listing data, collected daily and directly from company websites since 2007, can provide unprecedented insight into market trends at the industry, geographic, ticker, or individual company level, equipping today’s investors with a unique edge. Using LinkUp’s comprehensive jobs dataset, analysts at Deutsche Bank found that the data correlated to macro trends, and that, at the industry level, industry groups with strong job growth (above market cap growth) actually lead to higher returns in the following month.

“[LinkUp] job postings are correlated to various job-centric macroeconomic indicators such as non-farm payrolls and the unemployment rate. Job postings can even assist portfolio managers with sector rotation strategies. As investment managers are continually in search of new and distinct sources of alpha, we think it’s worthwhile to investigate the job posting dataset as a differentiated source of stock specific and macro alpha.” / Deutsche Bank Market Research, Signal Processing, “Macro and Micro JobEnomics”