IMPORTANCE OF JOB DATA

Employment data is used to determine how fast the economy is growing. A growing economy
has new job creation and lower levels of employment. An economy that is slowing
down (or showing signs of slowing down) has increased jobless claims, a declining rate
of job creation, and higher unemployment levels.
Whenever job data is released by governments, the forex markets react. The forex
markets look at whether the data is positive or negative for expectations of whether that
country’s central bank will increase rates, keep rates the same, or decrease rates. There
are many layers of information regarding employment data. The following list illustrates
what’s trackable in the United States:
Aggregate Weekly Hours Index: private nonfarm payrolls
Aggregate Weekly Hours: private nonagricultural establishments
Civilian Employment: 16 years and older
Civilian Participation Rate
Civilian Labor Force: 16 years and older
Employment Ratio—Civilian Employ/Civilian Index of Help Wanted Advertising in
Newspapers
U.S. Manufacturing Employment
Payroll Employment of Wage and Salary Workers
Total Population of the United States
U.S. Employment in Service-Producing Industries
Civilian Unemployed for 15 Weeks and Over
Civilian Unemployed for Less Than 5 Weeks
Median Duration of Unemployment
Unemployed: all civilian workers
Unemployment Rate
U.S. Employment in Construction
U.S. Employment in Finance, Insurance, and Real Estate
U.S. Employment in Goods-Producing Sectors
U.S. Employment in Government

U.S. Employment in Mining
U.S. Employment in Services
U.S. Employment in Transportation and Public Utilities
U.S. Employment in Retail Trade Industry
U.S. Employment in Wholesale Trade Industry
For more information on job data, visit the following web sites:
www.economagic.com
www.globalfinancialdata.com


By ABE COFNAS