North American Employment Friday
September 6, 2018 1:47 pmVideo
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This week’s final trading day brings us the high importance North American employment update for August, so let’s take a closer look.
It’s an early start at 5:45, when Swiss unemployment rate for August will be published. The seasonally adjusted measure was unchanged at 2.6% in July, which is the lowest level in almost a decade.
A couple of German publications for July follow at 6 AM, including trade stats. Surplus narrowed down by slightly more than 1 billion Euros in June, when seasonally adjusted.
Industrial production is the other release out at this time. Production slowed down by point 9% in June after jumping by 2.4% in May.
UK Halifax House Price Index for August is up next at 7:30 AM. Prices were up by 1.4% in July and this was the third consecutive monthly increase.
The high importance Bank of England Quarterly Inflation Attitudes Survey for August will be available at 8:30 in the morning. Median expectations of the rate of inflation over the coming year were 2.9%, in May, remaining the same as in February.
Revised statistics of the second quarter Euro Zone GDP are then published at 9 o’clock. Preliminary report indicated economy grew at a pace of point 4%, matching the first quarter’s increase.
Then the day’s key releases for August follow at a half past noon GMT and this includes US Employment report. Total non-farm employment increased by 157 thousand in July to drive the unemployment rate South of the 4% mark.
Canadian Labour Force Survey is the other high importance release out at this time. Employment rose by 54 thousand in July, driven by gains in part-time work. The unemployment rate declined by point 2% to 5.8%.
Canadian Ivey PMI for August wraps up this calendar at 2 PM. Index retreated by 1.3% in July, but it remains above the 60 level.
I’m Jack Everitt and you’ve been watching the Dukascopy Economic Calendar for Firday.
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