Momentum#11tier 1live in productionNew

`jolts hiring momentum`

cadence: Dailydata: mediumlong onlyshort onlylong short

2014

Belo, Lin & Bazdresch (2014) *J. Acc. Econ.* — "Labor hiring, investment,

Mechanism

Belo, Lin & Bazdresch (2014) *J. Acc. Econ.* — "Labor hiring, investment, and stock return predictability". Firms (and industries) with strong hiring growth tend to outperform over the following 1-2 quarters because hiring growth precedes earnings growth (management is acting on private information about

Signal rule

• Map ticker → FMP `stocks.sector` (loaded into `ctx.sector`).
• Map FMP sector → JOLTS supersector code via the hand-coded
FMP_SECTOR_TO_JOLTS dict (12 FMP sectors → 12 BLS supersectors).
• Lookup industry openings YoY % growth as of each trading day

Data dependencies

daily_prices
Adjusted-close OHLCV for every US-listed ticker; primary price feed.
jolts_industry_openings
BLS Job-Openings & Labor-Turnover Survey at monthly cadence.
stocks_sector
Worker data table — see services/worker schema.

Expected edge

• LONG when industry openings YoY > +20% (strong sectoral demand).

Illustrative pattern only

NOT a backtest

Illustrative pattern only — see /app for live backtests and the actual current equity curve.

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jolts hiring momentum