Three important data from the USA will be announced today at 15.30 Türkiye time. cryptocurrency and on the radar of global markets. The Unemployment Rate, Non-Farm Employment and Average Hourly Earnings data to be announced are of importance that may cause fluctuations in the markets. Analysts state that these critical indicators in the US economy can determine the course of the markets.
Unemployment Rate Will Provide Clues About the Economy
The first data to be announced Unemployment Rateanalyzes the unemployment situation in the USA. Expectations are that the unemployment rate will remain at 4.1 percent. This ratio indicates the ratio of the country’s unemployed population and those actively seeking employment within the total workforce.
decrease in unemployment, US dollarIt can have a positive impact on the economy because it supports the economy by increasing consumption expenditures. The growth of the working population could also increase its positive impact on the U.S. Gross Domestic Product (GDP). The low unemployment rate is closely followed by market participants as an indicator of the country’s economic health.
The Effect of Non-Farm Employment and Average Hourly Earnings Data on Markets
Another important data is the changes in the number of employment in the non-agricultural sector. Non-Farm Employment data. The expected employment increase for October is expected to be 106 thousand people, while this figure was 254 thousand in the previous month. The increase in non-farm employment may give positive momentum to the US dollar. Because the creation of new job opportunities increases consumption and strengthens the country’s economy. This data stands out as a factor that can cause surprise fluctuations in the economy.
Another remarkable data of the day is Average Hourly Earnings There will be an increase. Expectations are for a 0.3 percent increase in average earnings. The increase in workers’ hourly earnings is an indicator of the pressure on consumer prices. inflationIt gives clues. The data could have a positive impact on the value of the US dollar, as rising earnings directly impact consumer spending and inflation expectations.
These three data coming from the USA are just data. usa economyIt has the potential to mobilize not only the global financial market but also the global finance and cryptocurrency markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
