Wage growth: what's the pay story doing to inflation?
Wages are the sticky part of inflation — services prices follow pay, and central banks watch pay growth closely. The labour market reports carry the numbers.
What are you following?
- the wage data you track across countries
- how pay growth fits your inflation view
- the pairs most sensitive to the labour story
Background: UK labour market and US jobs 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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