NYSE McClellan Oscillator
Employment and Inflation: The Real Relationship
Economists are scratching their heads about the latest Employment Situation Report just out on August 7. Unemployment fell from 4.2% to 4.1%, but total nonfarm payrolls actually shrank by 23,000 jobs. The head scratching is not just about how those two numbers can be in the same month's jobs report, but also about what the Fed officials are going to think about it.
Like most economists, the ones at the Federal Reserve seem to think that better jobs data means more inflation, and thus... Read More
NYSE: 08/07/2026
| Issues | Volume(000s) | ||
| Advances | 1807 | 3405180 | |
|---|---|---|---|
| Declines | 949 | 1565356 | |
| Difference | 858 | 1839824 | |
| 10% Trend | 130 | . 323 | 342850 |
| 5% Trend | 100 | . 684 | 218100 |
| McC OSC | 29 | . 639 | 124750 |
| PRIOR McC OSC | -11 | . 355 | 43774 |
| SUMM Index | 1740 | . 093 | 1058248 |
| PRIOR SUMM Index | 1710 | . 455 | 933498 |
| A-D for OSC UNCH | 160 | 468 * | |
| A-D for OSC=0 | -433 | -2027 * | |
| *million shares | |||
| DJIA Close | 54036.93 | ||
| PRIOR Close | 53885.10 | ||
| DJIA CHG | 151.83 | ||
| DOW Price OSC | 602.77 | ||
| PRIOR DOW Price OSC | 568.08 | ||
| Price OSC UNCH'D | 53503.94 | ||
Extended Data
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Starting 3/8/2012:
NYSE Up Volume & Down Volume data will report composite trading volume.
3/7/2012 and before:
Reports NYSE floor trading volume, as has been our long standing practice.