Every week WANTED produces Gazelles Reports. These reports detail companies whose Hiring Demand has spiked or has shown upward trending in the past month. Gazelles can be triggered by climbing Hiring Demand across the entire United States, or can be triggered by spikes in job postings in any of the 23 major Standard Occupational Classification Codes. Media clients can also receive Gazelles centered around a geographic market area. Every week, we review 5 companies who have appeared in the Gazelles report, with a bias towards those that are publicly traded.
Rite Aid (NYSE:RAD), the drug store, has created a Gazelles alert by posting for "First-Line Supervisors/Managers of Retail Sales Workers". It has posted an average of 50 such job per week for the last year. Just in the first three weeks of July it posted 592 of these jobs, or almost 150 per week. The historical point correlation between the 4-week moving summation of new job ads and stock price is 0.65.
Source: WANTED Analytics
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