Date
GMT+01:00
Event Previous Forecast Actual
May, 05 15:00
★★★
JOLTs Job Openings
JOLTs Job Openings
Country:
Date: May, 05 15:00
Importance: High
Previous: 6880K
Forecast: 6870K
Actual: -
Period: Mar

A survey done by the United States Bureau of Labor Statistics to help measure job vacancies. It collects data from employers including retailers, manufacturers and different offices each month. Respondents to the survey answer quantitative and qualitative questions about their businesses' employment, job openings, recruitment, hires and separations. The JOLTS data is published monthly and by region and industry.

6880K 6870K -
May, 05 15:00
★★
New Home Sales
New Home Sales
Country:
Date: May, 05 15:00
Importance: Medium
Previous: -
Forecast: 668K
Actual: -
Period: Mar

Records sales of newly constructed residences in the United States. The figure is a timely gauge of housing market conditions counting home sales when initial housing contracts are signed. Because New Home Sales usually trigger a sequence of consumption, they have significant market impact upon release. In addition to the high expenditure of the new home, buyers are likely to spend more money on furnishing customizing and financing their home. Consequently, growth in the housing market spurs more consumption, generating demand for goods, services and the employees who provide them.

Generally, the housing market is tracked by a number of reports that mark different stages of the construction and home sale process. The first stage is Building Permits, which precede Housing Starts, which lead to Construction Spending, MBA Mortgage Applications and, finally, New Home Sales and Existing Home Sales. As the headline housing figure, New Home Sales are believed to control some of the volatility of other data. For instance, Building Permits and Housing Starts are considered more indicative of business confidence and production rather than consumer spending. And while Existing Home Sales figures are more indicative of consumer expenditures, they are lagging indicators with less predictive value. New Home Sales numbers are considered confirmatory of housing trends and still predictive of consumer spending.

New Home Sales is also a good indicator of economic turning points due to its sensitivity to consumer income. Buying a house is always a major expenditure, typically only undertaken when consumers have sufficient savings or are optimistic about future earnings. Historically, when economic conditions slow, New Home Sales are one of the first indicators to reflect the change. By the same token, New Home Sales undergo substantial growth when the economy has emerged from recession and wages have begun to pick up.

The report headline is the total amount of properties sold.

- 668K -
May, 05 22:00
★★
RBNZ Financial Stability Report
RBNZ Financial Stability Report
Country:
Date: May, 05 22:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -

The Reserve Bank published its first Financial Stability Report (FSR) in October 2004. The Financial Stability Report is published six-monthly. In the Financial Stability Report we assess and report on the soundness and efficiency of the New Zealand financial system.

- - -
May, 05 23:45
★★★
Employment Change
Employment Change
Country:
Date: May, 05 23:45
Importance: High
Previous: 0.5%; 0.2%
Forecast: 0.3%
Actual: -
Period: 1 quarter

Employment change is a crucial indicator to measure the health of the overal economy. It's realeased shortly after the month ends and is a leading indcator of consumer spending which makes up the majority of overall economic activity.

0.5%; 0.2% 0.3% -
May, 05 23:45
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: May, 05 23:45
Importance: High
Previous: 5.4%
Forecast: 5.4%
Actual: -
Period: 1 quarter

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

5.4% 5.4% -