Source | |
Measures | Percentage of the total work force that is unemployed and actively seeking employment during the previous month; |
Usual Effect | 'Actual' less than 'Forecast' is good for currency; |
Frequency | Released monthly, about 9 days after the month ends; |
Next Release | |
FF Notes | This is the seasonally adjusted data (as most FF numbers are), not to be confused with the non-seasonally adjusted number reported by some news agencies; |
Why Traders Care | Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions; |
Also Called | Jobless Rate; |