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Economic Forecast at 6:00 PM is crucial for the day


Below is the list of economic forecast. US Non-Farm Unemployment Change data may come worse than before.

Economic forecast

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 Aug 5, 2022

This is vital economic data which releases 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- [275K]
Previous- [390K]
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.


Unemployment Rate at 6:00 PM

Measures: Percentage of the total workforce 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 Aug 5, 2022

Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health. Furthermore, consumer spending highly correlates 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 forecast, stay tuned with us !!


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