FF Notes : Leads the government-released employment data by 2 days, and has slowly demonstrated its predictive qualities since its May 2006 debut. Source changed the calculation methodology in Feb 2007 and Dec 2008 to better align with the government’s data.
Why Traders Care : Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
Measures : Estimated change in the number of employed people during the previous month, excluding the farming industry and government.
Information by Forex Factory