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What is Unemployment Rate and the importance of Unemployment RateBack

An Unemployment Rate is a lagging indicator; the overall economic health is based on the number of unemployed people because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy.
Unemployment Rate is also known as Jobless Rate. The Bureau of Labor Statistics of the U.S. Department of Labor is the principal Federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy. The mission of BLS is to collect the data, analyse it and disseminate essential economic information to support public and private decision-making.
The data released on monthly basis, usually on the first Friday after the month ends.
If the Actual is less than the Forecast which BLS expecting, it is a good sign for the currency. A strong or bullish currency will tend to increase vs. other currencies while a weak or bearish currency will tend to bearish against the other currencies. High impact data which will affect to all the segments like equity, commodities etc.

Data impact: High impact data which affect to USD, Commodities, Currency etc.

Posted on: 04-Sep-2015 | Posted by: NIFM | Comment('0')
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