US employment figures provide an irreplaceable insight into the condition of the world’s largest economy. It’s considered a leading indicator of consumer spending, which drives the economy.
Release: Friday at 8:30 a.m. (EST). US employment figures provide an irreplaceable insight into the condition of the world’s largest economy. It’s also considered a leading indicator of consumer spending, which drives the economy. The combination of the indicator’s importance and swift reporting generally makes for sizable market moves. Stronger-than-expected figures, values that surprise, … Continue reading Friday’s US Employment Report
With the U.S. retaining its position as the world’s largest economy since 1871, and a nominal GDP forecasted to exceed USD 21 trillion in 2019, the country’s employment status, provided by the Bureau of labour Statistics (BLS), is crucially important. The Federal Reserve, as well as the investment community, pay close attention to employment figures … Continue reading Interpreting the U.S. Employment Situation Report: The Basics
