One of the most widely anticipated reports on the US economic calendar, the Employment Situation is a timely report that gives a picture of job creation, loss, wages and working hours in the United States. Data in the report relies on the Household Survey and the Establishment (or Payroll) Survey. While the Household Survey is based on the interviews to US households, the Establishment Survey queries business establishments, making it the preferred source of data. The Employment Situation's has many significant figures such as: Change in Non Farm Payrolls, Unemployment, Manufacturing Payrolls, and Average Hourly Earnings.
The headline figures for this report are reported monthly, as the total number of new jobs in thousands (say, 120K new jobs), and the unemployment rate.
Thursday, October 2, 2008
Trading News Caused Choppy Market
Trading will remain choppy in the coming days as markets eagerly anticipate the successful passage of the Administration's $700 billion rescue plan. The Senate is
scheduled to vote on a bailout plan this evening, with the House also
likely to vote by week's end.
scheduled to vote on a bailout plan this evening, with the House also
likely to vote by week's end.
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