The impact of unemployment on foreign exchange rates

In the basics of foreign exchange, the unemployment rate is a very important factor affecting the foreign exchange rate, so investors must pay attention to the unemployment rate. Let's take a detailed look belowThe impact of unemployment on foreign exchange rates。、

The unemployment rate is an important economic indicator in the US economic data report. It mainly refers to the percentage of people who are not working for a certain period of time as a percentage of all the people who can work. The data will be released together with the non-farm payroll data for the United States. It is the impactforeign exchange marketThe first Friday of each month is when these figures are released.

The unemployment rate is generally randomly surveyed from 100,000 households. The Bureau of Labor in the United States takes a random sample of 10 households every month to calculate the labor unemployment rate. To be included in the unemployment rate, people must be unemployed, and they must also be looking for work.

However, the unemployment rate is generally the unemployment rate of the general public excluding the military. According to the provisions of the labor law, all military personnel in the United States have jobs. Therefore, the civilian unemployment rate released each time has a significant impact on the US economy. Once the loss rate increases, it indicates that the bad factors of the US economy will increase, and the market panic will also increase.

The unemployment rate in the United States is a relatively delayed economic data, because many companies make changes to the hours and compensation of employees before whether to lay off or add employees. If the unemployment rate in the United States increases, the US Congress will ask the Federal Reserve to adopt looser monetary policy to stimulate economic growth.

The unemployment rate is not just a simple economic data indicator, it is related to the future trend of the US economy and non-farm payrolls. Therefore, investors who speculate in foreign exchange will pay close attention to these important economic indicators.