Date
GMT+06:00
Event Value
Apr, 03 18:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: Apr, 03 18:30
Importance: High
Previous: 3.5%
Forecast: 3.8%
Actual: -
Period: Mar

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.

3.5%
Apr, 03 18:30
★★★
Non-Farm Payrolls
Non-Farm Payrolls
Country:
Date: Apr, 03 18:30
Importance: High
Previous: 273K
Forecast: -81K
Actual: -
Period: Mar

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.

Change in Non-farm Payrolls

Monthly change in employment excluding the farming sector. Non-farm payrolls is the most closely watched indicator in the Employment Situation, considered the most comprehensive measure of job creation in the US. Such a distinction makes the NFP figure highly significant, given the importance of labor to the US economy. Specifically, political pressures come into play, as the Fed is responsible for keeping employment in a healthy range and utilizes interest rate changes to do so. A surge in new Non-farm Payrolls suggests rising employment and potential inflation pressures, which the Fed often counters with rate increases. On the other hand, a consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely.

273K
Apr, 03 20:00
★★★
ISM Non-Manf.
ISM Non-Manf.
Country:
Date: Apr, 03 20:00
Importance: High
Previous: 57.3
Forecast: 48.0
Actual: -
Period: Mar

ISM Non-Manufacturing gauge of business conditions in non-manufacturing industries, based on measures of employment trends, prices and new orders. Though non-manufacturing sectors make up the majority of the economy, the ISM Non-Manufacturing has less market impact because non-manufacturing data tends to be more cyclical and predictable. However, these sectors do account for a considerable portion of CPI. As a result, the figure gives insight into conditions which can impact output growth and inflationary pressures.

The ISM Non-Manufacturing Index is based on a sample survey of purchasing and supply executives, weighted according to industry contribution to GDP. The Index is calculated using 50% as the centerline between positive and negative expectations; the figure is reported in headlines as the percent change.

Note: There are 10 separate indexes reported, but Business Activity is considered the most important. The other nine indexes are: New Orders, Supplier Deliveries, Employment, Inventories, Prices, Backlog of Orders, New Export Orders, Imports, and Inventory Sentiment.

57.3
Apr, 07 10:30
★★★
RBA Interest Rate Decision
RBA Interest Rate Decision
Country:
Date: Apr, 07 10:30
Importance: High
Previous: 0.25%
Forecast: 0.25%
Actual: -
Period: Apr
The Reserve Bank sets the target 'cash rate', which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding the cash rate target are made by the Reserve Bank Board and explained in a media release announcing the decision at 2.30 pm after each Board meeting.
0.25%
Apr, 07 10:30
★★★
RBA Monetary Policy Statement
RBA Monetary Policy Statement
Country:
Date: Apr, 07 10:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The RBA Monetary Policy Statement released by the Reserve bank of Australia reviews economic and financial conditions, determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth. It is considered as a clear guide to the future RBA interest rate policy. Any changes in this report affect the AUD volatility. If the RBA statement shows a hawkish outlook, that is seen as positive (or bullish) for the AUD, while a dovish outlook is seen as negatvie (or bearish).

Apr, 09 00:00
★★★
FOMC Meeting Minutes
FOMC Meeting Minutes
Country:
Date: Apr, 09 00:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: Mar

The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee's meeting held about two weeks earlier.

Apr, 09 18:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: Apr, 09 18:30
Importance: High
Previous: 5.6%
Forecast: -
Actual: -
Period: Mar

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.

5.6%
Apr, 09 18:30
★★★
Employment Change
Employment Change
Country:
Date: Apr, 09 18:30
Importance: High
Previous: 30.3K
Forecast: -
Actual: -
Period: Mar

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

30.3K
Apr, 10 07:30
★★★
CPI
CPI
Country:
Date: Apr, 10 07:30
Importance: High
Previous: 5.2%
Forecast: -
Actual: -
Period: Mar

Assesses changes in the cost of living by measuring changes in the prices of consumer items. The CPI is the headline inflation figure that indicates the strength of domestic inflationary pressures.

5.2%
Apr, 10 18:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Apr, 10 18:30
Importance: High
Previous: 0.1% m/m; 2.3% y/y
Forecast: -
Actual: -
Period: Mar

CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items.

Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.

On A Technical Note: The CPI includes over 200 categories of goods and services included, divided into 8 main groups, each with a different weight: Housing, Transportation, Food, Medical Care, Education and Communication, Recreation, Apparel, and Other Goods and Services.

0.1% m/m; 2.3% y/y
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