jpm_asset_mgmt
  • Products

    Funds

    • Performance & Yields
    • Liquidity
    • Ultra-Short
    • Short Duration

    Solutions

    • Cash Segmentation
    • Separately Managed Accounts
    • Managed Reserves Strategy
  • Insights

    Liquidity Insights

    • Liquidity Insights Overview
    • Audio Commentaries
    • Case Studies
    • Leveraging the Power of Cash Segmentation
    • Cash Investment Policy Statement
    • China Money Market Resource Centre
    • PeerView Survey

    Market Insights

    • Market Insights Overview
    • Eye on the Market
    • Guide to the Markets
    • Market Updates

    Portfolio Insights

    • Portfolio Insights Overview
    • Currency
    • Fixed Income
    • Long-Term Capital Market Assumptions
    • Sustainable Investing
  • Resources
    • MORGAN MONEY
    • Account Management & Trading
    • Multimedia
    • Announcements
  • About us
  • Contact us
Skip to main content
  • English
  • Role
  • Country
  • MORGAN MONEY LOGIN
Search
Menu
CLOSE
Search
You are about to leave the site Close
J.P. Morgan Asset Management’s website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name.
CONTINUE Go Back
  1. Home
  2. Insights
  3. Market Insights Overview
  4. Market Updates
  5. The Weekly Brief

  • Share
  • LinkedIn Twitter Facebook
  • Email
  • Download
  • Print
  • Actions
  • LinkedIn Twitter Facebook
    Email Download Print

The Weekly Brief

12-04-2021

Global Market Insights Strategy Team

Thought of the week

Bumper US jobs data has provided further evidence of building momentum in the US economy. The increase of 916,000 jobs last month was far ahead of consensus estimates, and means that the US labour market has now recovered over 60% of the 22 million jobs lost during the pandemic. The composition of outstanding job losses provides encouragement that further re-hiring will come quickly. The leisure and hospitality industry is the worst hit with employment still down by over three million since February 2020, but the vaccine rollout is rapidly improving the outlook, as evidenced by the US Institute for Supply Management Services survey now standing at record levels. Barring a significant pandemic setback, strengthening economic data should put further upward pressure on US bond yields over the coming months, which in turn could bode well for the rotation towards more cyclical parts of the stock market to continue.

US labour market recovery is gathering pace

Millions, US non-farm payroll employment

JPMorgan_Insights_Weekly_Brief_EN
Source: BLS, Refinitiv Datastream, J.P. Morgan Asset Management. Data as of 9 April 2021.

More Insights

JPMorgan Guide to the Markets calendar

Guide to the Markets

The Guide to the Markets illustrates an array of market and economic trends using compelling charts, providing you the building blocks to support conversations with your clients.

Download the latest Guide
Vincent Juvyns photo

On the Minds of Investors

Drawing on the depth and breadth of our market and economic expertise, we offer timely macro insight into today’s big investment themes, to enable more confident portfolio decisions.

Views on today’s key investment themes
Men shaking hands in an office

Webcasts

Listen to recorded updates from our portfolio managers and market strategists and register for future editions.

Keep up to date with our views
J.P. Morgan Asset Management

  • Investment stewardship
  • About us
  • Contact us
  • Privacy policy
  • Cookie policy
  • Binding corporate rules
  • Sitemap
Decorative
J.P. Morgan

  • J.P. Morgan
  • JPMorgan Chase
  • Chase

READ IMPORTANT LEGAL INFORMATION. CLICK HERE >

The value of investments may go down as well as up and investors may not get back the full amount invested.

Copyright 2021 JPMorgan Chase & Co. All rights reserved.