Date
GMT+00:00
Event
Mar, 13 17:00
Baker Hughes U.S. Rig Count
Baker Hughes U.S. Rig Count
Country:
Date: Mar, 13 17:00
Importance: Low
Previous: 551
Forecast: -
Actual: 553
Period: Mar
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.
Mar, 13 14:00
UoM Inflation Expectations
UoM Inflation Expectations
Country:
Date: Mar, 13 14:00
Importance: Low
Previous: 3.4%; 3.3%
Forecast: -
Actual: 3.4%; 3.2%
Period: Mar
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).
Mar, 13 14:00
★★★
JOLTs Job Openings
JOLTs Job Openings
Country:
Date: Mar, 13 14:00
Importance: High
Previous: 6550K
Forecast: 6760K
Actual: 6950K
Period: Jan

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.

Mar, 13 12:30
Capacity utilization
Capacity utilization
Country:
Date: Mar, 13 12:30
Importance: Low
Previous: 78.9%
Forecast: 78.4%
Actual: 78.5%
Period: 4 quarter

Capacity Utilization measures the extent to which Canadian manufacturing companies make use of their installed productive capacity (factories and machinery). Capacity Utilization reflects overall growth and demand in the economy, rising when the economy is vibrant, and falling when demand softens. High capacity utilization also exerts inflationary pressures as scarce resources are in higher demand. However, it may also lead to new capital investments, such as new plants, that promote growth in the future.

Mar, 13 12:30
Manufacturing Shipments
Manufacturing Shipments
Country:
Date: Mar, 13 12:30
Importance: Low
Previous: 0.4%
Forecast: -3.2%
Actual: -3.0%
Period: Jan

CManufacturing Shipments - also known as "shipments of goods of own manufacture" - report the production of goods produced by Canadian establishments in the "Manufacturing Sector (NAICS 31-33)". It measures the Dollar value, not the quantity of manufactured goods produced.

Mar, 13 12:30
Participation Rate
Participation Rate
Country:
Date: Mar, 13 12:30
Importance: Low
Previous: 65.0%
Forecast: -
Actual: 64.9%
Period: Feb
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.
Mar, 13 12:30
★★
Part Time Employment Change
Part Time Employment Change
Country:
Date: Mar, 13 12:30
Importance: Medium
Previous: 44.9K; -69.7K
Forecast: -
Actual: -108.4K; 24.5K
Period: Feb

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.

Mar, 13 12:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: Mar, 13 12:30
Importance: High
Previous: 6.5%
Forecast: 6.6%
Actual: 6.7%
Period: Feb

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.

Mar, 13 12:30
★★★
Employment Change
Employment Change
Country:
Date: Mar, 13 12:30
Importance: High
Previous: -24.8K
Forecast: 10.3K
Actual: -83.9K
Period: Feb

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

Mar, 13 12:30
Personal Income
Personal Income
Country:
Date: Mar, 13 12:30
Importance: Low
Previous: 0.3%
Forecast: 0.5%
Actual: 0.4%
Period: Jan

Broad gauge of employee earnings in the US . Personal Income measures the pre-tax income households receive from employment, investments, and transfer payments. As wages and salaries make up the majority of Personal Income, the figure can provide insight on the US employment situation. However, because Personal Income is released after the headline employment figure and earnings figures, its impact on the market is muted. The figure is still useful in gauging the purchasing ability of consumers, though, as rising Personal Income allows for strong consumers spending. Such spending drives output growth and fuels the US economy.

Mar, 13 12:30
★★
Personal Spending
Personal Spending
Country:
Date: Mar, 13 12:30
Importance: Medium
Previous: 0.4%
Forecast: 0.3%
Actual: 0.4%
Period: Jan

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

The PCE figure is released in headlines as a percent change from the previous month.

Mar, 13 12:30
★★★
PCE Core
PCE Core
Country:
Date: Mar, 13 12:30
Importance: High
Previous: 0.4%; 3.0%
Forecast: 0.4%; 3.1%
Actual: 0.4%; 3.1%
Period: Jan

Comprehensive measure of how much consumers spend each month, counting expenditures on durable goods, consumer products, and services. Personal Consumption is a comprehensive measure of GDP; consequently the figure is watched as an indicator for economic trends. Spending also has direct affect on inflationary pressures.

A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.

On the other hand, persistently low Personal Spending may result in decreasing levels of output and an economic downturn.

Because income is either spent or saved, Personal Spending (when reported as a percent of income rather than the headline percent change) has an inverse relationship to personal saving. Economists watch the growth of Personal Spending in relation to income and saving to determine if consumers are living beyond their means, which would influence levels of borrowing and future consumption.

The PCE figure is released in headlines as a percent change from the previous month.

Core Personal Consumption Expenditure
Volatile items like food and energy can fluctuate widely due to seasonal and non-systemic factors. In order to provide a less erratic picture of Personal Consumption, food and energy items are excluded in the PCE core report.

The headline figure of PCE is expressed in percentage change in spending for the quarter.

Note: The Personal Consumption Expenditure figure is reported with the Personal Income and Outlays figure.

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