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diff --git a/Finance/Fundamentals/Employement Situation Report (ESR).md b/Finance/Fundamentals/Employement Situation Report (ESR).md new file mode 100644 index 0000000..19332f2 --- /dev/null +++ b/Finance/Fundamentals/Employement Situation Report (ESR).md @@ -0,0 +1,31 @@ +# non-farm payroll & the employement rate + +- Total non-farm payroll account for ~80% of the workforce that produces US GDP + +- Used to gauge wether views determined by leading indicators are confirmed/denied + + +The ESR consist of the following +- Unemployement Rate +- Total non-farm payroll +- Private sector employement +- Gov sector employement + + +The non-farm payroll is a coincident indicator that tells us how many job where added to the US economy + +Day trader tend to focus on the non-farm payroll # as their main economic guide but it is wrong as it is a coincident idicator and lags leading indicators. + + + + + + + + +Source: +It is reported monthly on the first friday @ 8h30 by the Bureau of Labor statistics (BLS) + +Initial and continuous claims of unemployement are reported every Thursday for the previous week, they will show up in the non-farm payroll in the future. + + |