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 Oct 07, 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- [0.5%]
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 Oct 7, 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- [295K]
Previous- [528K]
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 Oct 7, 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- [3.5%]
Previous- [3.5%]
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
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