What is Nonfarm Employment change?
Measures the change in number of employed people during the previous month, excluding the farming industry. A rising trend has a positive effect on the nation’s currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP. Usually make big impact to the forex market.
Unemployment rate measures the percentage of total work force that is unemployed and actively seeking employment during the previous month. A falling trend has a positive effect on the nation’s currency because working people tend to spend more money, and consumer spending makes up a large portion of GDP. doesn’t really make big impact.
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