April a Mixed Month for Executive Turnover and Employment Growth

April was somewhat of a mixed month in relation to executive turnover as tracked by Liberum Research.  A number of key categories (All C-level, CEO, CFO and board of director changes) we focus on saw increases while others were just the opposite.  Overall executive turnover in the month of April was a bit more robust than the last few months but far from very positive in terms of total numbers.  Liberum’s executive turnover numbers dovetailed closely with ADP’s April Employment Report released early last week whose numbers were below most analysts’ expectations.  Liberum Resarch views the level of executive turnover as a key economic indicator for the ecoonomy. It appears from Liberum and ADP’s latest numbers for April, the American economy is struggling to find its legs once again.  ADP’s lackluster results were eclipsed by the U.S. Department of Labor’s Bureau of Labor Statistics (BLS) April Employment Report which was released at the end of last week.  Liberum had predicted the BLS numbers would be much better than those of ADP and would come in closer to analysts’ expectations which is exactly how it played out.  The BLS employment numbes helped create a sigh of relief in the market about how the American economy was performing.