Labour market watch: what are you reading into the jobs data?
Jobs data — payrolls, unemployment, wages — moves the dollar more than almost anything, and the details matter as much as the headline.
Share:
- the labour market signals you're tracking
- how wage growth fits your inflation view
- the pairs you watch most around jobs releases
Background: non-farm payrolls explained and the UK labour market report.
Background: Non-farm payrolls explained: why the US jobs report moves the dollar
The monthly Employment Situation report is one of the most traded events in currency markets. What it measures, when it comes out and why the first move often fades.
When is the non-farm payrolls report released?
Usually on the first Friday of the month at 8:30 a.m. New York time. The exact dates are on the Bureau of Labor Statistics release schedule.
What is a good NFP number?
There is no fixed level. Markets react to how the figure compares with economists' forecasts, and to revisions, wages and the unemployment rate in the same report.
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