Here we have various economic indicators which may impact the trading conditions of the market.
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: June 03, 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 labor the higher costs are usually passed on to the consumer
Forecast- [0.4%]
Previous- [0.4%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullion. The actual figure to release at 6:00 PM.
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: June 03, 2022
This is a vital economic indicator releases shortly after the month ends. Furthermore, 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- [390K]
Previous- [431K]
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: June 03, 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 labour-market conditions. However, unemployment is also a major consideration for those steering the country’s monetary policy
Forecast- [3.5%]
Previous- [3.6%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullion. The actual figure to release at 6:00 PM.