Date
GMT+01:00
Event
May, 08 18:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: May, 08 18:00
Importance: Low
Previous: 547
Forecast: -
Actual: -
Period: May
The Baker Hughes rig count is an important business barometer for the oil drilling industry. When drilling rigs are active they consume products and services produced by the oil service industry. The active rig count acts as a leading indicator of demand for oil products.
May, 08 17:00
★★
President Donald Trump Speaks
President Donald Trump Speaks
Country:
Date: May, 08 17:00
Importance: Medium
Previous: -
Forecast: -
Actual: -
Period: -
May, 08 15:00
Wholesale Inventories
Wholesale Inventories
Country:
Date: May, 08 15:00
Importance: Low
Previous: 1.4%
Forecast: 1.4%
Actual: 1.3%
Period: Mar

The stock of unsold goods held by wholesalers. Wholesalers act as intermediaries between manufacturers or importers, and retailers. Wholesalers sell directly to retailers, who strive to act in accordance (ideally) with consumer demand. Consequently, high Wholesale Inventories indicate that unsold goods are piling up, suggesting that retailers are facing lagging consumer demand and unwilling to purchase goods. Conversely, declining Wholesale Inventories suggest retailers are buying more goods to meet strong or rising demand. Because Wholesale Inventories reflect the demand retailers have for their manufacturers' wares, the report offers an early indication of the potential strength of consumer spending.

Wholesale Inventories are reported in headlines as a percent change from the previous month.

May, 08 15:00
UoM Inflation Expectations
UoM Inflation Expectations
Country:
Date: May, 08 15:00
Importance: Low
Previous: 4.7%; 3.5%
Forecast: -
Actual: 4.5%; 3.4%
Period: May
The Michigan Consumer Sentiment Index released by the University of Michigan is a survey of personal consumer confidence in economic activity. It shows a picture of whether or not consumers are willing to spend money. Generally speaking, a high reading anticipates positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
May, 08 13:30
Participation Rate
Participation Rate
Country:
Date: May, 08 13:30
Importance: Low
Previous: 64.9%
Forecast: -
Actual: 65.0%
Period: Apr
The participation rate is the percentage of the total number of people of labour-force age (15 years and over) that is in the labour force (either working or looking for work). The data provided by Statistics Canada is monthly and deseasonalized; this eliminates the impact of seasonal variations and makes it possible to compare data throughout the year. A higher than expected reading should be taken as positive/bullish for the CAD , while a lower than expected reading should be taken as negative/bearish for the CAD.
May, 08 13:30
★★
Part Time Employment Change
Part Time Employment Change
Country:
Date: May, 08 13:30
Importance: Medium
Previous: -1.1K; 15.2K
Forecast: -
Actual: -46.7K; 29.0K
Period: Apr

modern award usually defines a part-time employee as an employee who is engaged to work less than an average of 38 ordinary hours per week and whose hours of work are reasonably predictable, with a guaranteed minimum number of hours of work. Work is usually performed on regular days of the week. A part-time employee will usually be entitled to the same employment conditions as a full-time employee, but on a pro rata basis compared to the full-time hours (usually 38 per week) prescribed under the applicable industrial instrument.

May, 08 13:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: May, 08 13:30
Importance: High
Previous: 6.7%
Forecast: 6.7%
Actual: 6.9%
Period: Apr

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.

May, 08 13:30
★★★
Employment Change
Employment Change
Country:
Date: May, 08 13:30
Importance: High
Previous: 14.1K
Forecast: 12.9K
Actual: -17.7K
Period: Apr

Tracks the number of the employed in the country. A surge in new employment suggests higher spending potential and budding inflation pressures.

May, 08 13:30
Participation rate
Participation rate
Country:
Date: May, 08 13:30
Importance: Low
Previous: 61.9%
Forecast: 61.9%
Actual: 61.8%
Period: Apr

A measure of the active portion of an economy's labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work would not be included in the participation rate. During an economic recession, many workers often get discouraged and stop looking for employment, as a result, the participation rate decreases. The participation rate is an important metric to note when looking at unemployment data because unemployment figures reflect the number of people who are looking for jobs but are unable to secure employment.

May, 08 13:30
★★
Change in Private Payrolls
Change in Private Payrolls
Country:
Date: May, 08 13:30
Importance: Medium
Previous: 190K
Forecast: 75K
Actual: 123K
Period: Apr

Private Nonfarm Payrolls measures the change in the number of total payrolls in any business, excluding general government employees, private household employees, employees of nonprofit organizations that provide assistance to individuals and farm employees.

May, 08 13:30
★★
Average Hourly Earnings
Average Hourly Earnings
Country:
Date: May, 08 13:30
Importance: Medium
Previous: 0.2%; 3.4%
Forecast: 0.3%; 3.8%
Actual: 0.2%; 3.6%
Period: Apr

An indicator of how the average level of pay is changing. The Average Hourly Earnings figure provides insight into future spending and inflation. A High Average Hourly Earnings bodes well for future consumption, as workers have more disposable income. High figures may indicate inflationary pressures due to employee's additional potential to spend. The figure is either measured in hourly or weekly averages or as a percent change from the previous month.

May, 08 13:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: May, 08 13:30
Importance: High
Previous: 4.3%
Forecast: 4.3%
Actual: 4.3%
Period: Apr

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.

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