Here is the list of economic events. Today is the last trading session of the week thereby seems volatile but still all eyes on today’s closing.
USD: Average Hourly Earnings m/m at 6:00 PM
Measures: Change in the price businesses pay for labor, excluding the farming industry
Released monthly, usually on the first Friday after the month ends
Next Release Date Sep 2, 2022
This is the earliest data related to labor inflation. Source changed series calculation formula as of Feb 2010;
It’s a leading indicator of consumer inflation – when businesses pay more for the labor the higher costs are usually passed on to the consumer
Forecast- [0.3%]
Previous- [0.3%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure to release at 6:00 PM.
USD: Non-Farm Employment Change at 6:00 PM
Measures: Change in the number of employed people during the previous month, excluding the farming industry
Released monthly, usually on the first Friday after the month ends
Next Release Date Sep 2, 2022
This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity
Forecast- [250K]
Previous- [372K]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. The actual figure to release at 6:00 PM.
USD: Unemployment Rate at 6:00 PM
Measures: Percentage of the total work force that is unemployed and actively seeking employment during the previous month
Released monthly, usually on the first Friday after the month ends
Next Release Date Sep 2, 2022
Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country’s monetary policy
Forecast- [3.6%]
Previous- [3.6%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure to release at 6:00 PM.
Source: Forex Factory
For more day to day economic events, stay tuned with us!