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Important Forex News On 27 November 2016 । Forexing24

Important Forex News On 27 November 2016 । Forexing24

Important Forex News On 27 November 2016 । Forexing24

Important Forex News:

Average Hourly Earnings m/m

Currency NameNews Name     Actual   Forecast  Previous
USDAverage Hourly Earnings m/m???0.2%0.4%
SourceLatest Release
MeasureChange in the price businesses pay for labor, excluding the farming industry;
Usual EffectReleased monthly, usually on the first Friday after the month ends;
FrequencyActual > Forecast = Good for currency;
Why Trade CareIt’s a leading indicator of consumer inflation – when businesses pay more for labor the higher costs are usually passed on to the consumer;
FF NotesThis is the earliest data related to labor inflation. Source changed series calculation formula as of Feb 2010;

Non-Farm Employment Change

Currency NameNews Name     Actual   Forecast  Previous
USDNon-Farm Employment Change???165K161K
SourceLatest Release
MeasureChange in the number of employed people during the previous month, excluding the farming industry;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, usually on the first Friday after the month ends;
Why Trade CareJob creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Also CalledNon-Farm Payrolls, NFP, Employment Change;

Unemployment Rate

Currency NameNews Name     Actual   Forecast  Previous
USDUnemployment Rate???4.9%4.9%
SourceLatest Release
MeasurePercentage of the total work force that is unemployed and actively seeking employment during the previous month;
Usual EffectActual < Forecast = Good for currency;
FrequencyReleased monthly, usually on the first Friday after the month ends;
Why Trade CareAlthough 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;
Derived ViaJobless Rate;

ADP Non-Farmnn  Employment Change

Currency NameNews Name     Actual   Forecast  Previous
USDADP Non-Farm Employment Change???161K147K
SourceLatest Release
MeasureEstimated change in the number of employed people during the previous month, excluding the farming industry and government;
Usual EffectActual > Forecast = Good for currency;
FrequencyReleased monthly, about 2 days after the month ends;
Why Trade CareJob creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Derived ViaADP provides payroll services to US corporations, and they analyze data from around 400,000 customers to derive employment growth estimations;

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