First Quarter Executive Turnover Raises Job and Economic Growth Concerns

The latest quarterly and monthly executive turnover results have raised some concerns for Liberum Research with regard to the American and Canadian economies.  Both first quarter and March executive turnover totals for CEOs, CFOs and overall C-level executives (board of directors down to VP level)  showed a significant drop from the previous monthly and year earlier totals raising a concern that the economies could be in-store for a negative change.  Executive turnover totals have always served as a leading economic indicator.  When turnover rises it usually portends future economic and job growth while declining turnover portends a possible decline in economic and job growth. Despite the most recent declining figures, Liberum believes the latest drop in executive turnover totals is only a momentary blip in the growing turnover trend that has been in place now for the last two years.