From the course: Economic Indicators

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Employment and jobs report

Employment and jobs report

From the course: Economic Indicators

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Employment and jobs report

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- Jobs are important. This is why if you're an investor, trader, or any kind of worker, the most important day of the month should be the first Friday of the month. It certainly is for me. This isn't because I love Fridays and hate my job. I love what I do. It's because the most important economic indicator for all financial markets is usually released on the first Friday of the month. This report, this economic indicator, is known as the US Employment Report, or more simply, the jobs report. That's what it's called by people on CNBC and Bloomberg Television. So, why is the jobs report so important? That's the easy part. This report shows the health of the economy in terms of jobs, and everyone cares about jobs, you and me, as well as politicians from both political parties, and even our central bankers at the Federal Reserve. This is why the numbers in the jobs report impact foreign exchange rates, bond rates, and stock prices. There's a lot of information in the jobs report, but…

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