Hot Waitress Economic Index

DEFINITION of 'Hot Waitress Economic Index'

An index that indicates the state of the economy by measuring the number of attractive people working as waiters/waitresses. According to the hot waitress index, the higher the number of good looking servers, the weaker the current state of the economy. It is assumed that attractive individuals do not tend to have trouble finding high-paying jobs during good economics times. During poor economic times, these jobs will be more difficult to find and therefore more attractive people will be forced to work in lower paying jobs such as being waiters/waitresses.

BREAKING DOWN 'Hot Waitress Economic Index'

Traditional economic theory contends that employment tends to be a lagging indicator for economic recovery. However, the hot waitress economic index could be a coincident or even a leading indicator for economic recovery because attractive people may be the first group of individuals to find better paying jobs when a bad economy begins to turn around.

RELATED TERMS
  1. Coincident Indicator

    A metric which shows the current state of economic activity within ...
  2. Hot Money

    1. Money that flows regularly between financial markets as investors ...
  3. Economic Conditions

    The state of the economy in a country or region. Economic conditions ...
  4. Indicator

    Indicators are statistics used to measure current conditions ...
  5. Economic Indicator

    An economic indicator is a piece of economic data, usually of ...
  6. Composite Index of Coincident Indicators

    An index published by the Conference Board that is a broad-based ...
Related Articles
  1. Markets

    U.S. Jobs Report May Show Underlying Weakness

    The kinds of jobs added might not paint an entirely rosy picture for the world's largest economy.
  2. Markets

    More Waiters and Bartenders Than Manufacturing Workers Spells Trouble

    Learn how jobs in bartending and waiting tables are displacing manufacturing jobs, and how this is troubling to the overall U.S. economy.
  3. Markets

    Trading Around Key Options Indicators

    Learn the key economic indicators to help predict market movement.
  4. Investing

    What is a Leading Indicator?

    A leading indicator is a measurable economic factor that tends to change right before the economy starts to change.
  5. Managing Wealth

    Economic Indicators That Do-It-Yourself Investors Should Know

    Understanding these investing tools will put the market in your hands.
  6. Markets

    4 Key Indicators That Move The Markets

    Find out what reports to watch in order to anticipate and react to market movements.
  7. Markets

    Explaining Economic Indicators

    Investors use economic indicators to gauge investment opportunities and judge the overall health of an economy.
  8. Managing Wealth

    3 Economic Challenges the US Faces in 2016

    Learn about the three biggest challenges facing the U.S. economy heading into 2016, and discover why there are fears of another recession.
  9. Managing Wealth

    A Look At China's Growing Influence On The World

    With the second-largest economy in the world, China has significant (and growing) influence on the global economy. But how is that impact figured?
  10. ETFs & Mutual Funds

    What is an Index?

    An index is a statistical means of calculating a change in an economy or market.
RELATED FAQS
  1. What is "hot money"?

    "Hot money" refers to funds that are controlled by investors who actively seek short-term returns. These investors scan the ... Read Answer >>
  2. What is the difference between market indicators and economic indicators?

    Read about the differences between technical market indicators and general economic indicators, and learn how traders and ... Read Answer >>
  3. What are key economic growth rates that can be used to determine the economic health ...

    Discover the indicators that correlate with real economic health, and learn why many traditional metrics do not function ... Read Answer >>
  4. What are leading, lagging and coincident indicators? What are they for?

    An indicator is anything that can be used to predict future financial or economic trends. For example, the social and economic ... Read Answer >>
  5. What are some advantages of a market economy over other types of economies?

    Learn what a market economy is, the main assumption behind a market economy and some important advantages a market economy ... Read Answer >>
  6. What economic indicators are important to consider when investing in the retail sector?

    Learn why the unemployment rate and Consumer Confidence Index are two of the best economic indicators when investing in the ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center