Source | |
Measures | Percentage of total work force that is unemployed and actively seeking employment during the previous quarter; |
Usual Effect | 'Actual' less than 'Forecast' is good for currency; |
Frequency | Released quarterly, about 60 days after the quarter 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. Tends to have a muted impact because there are several earlier indicators related to Eurozone labor conditions; |
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; |