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Nonfarm Productivity

The Non-farm Productivity released by the Bureau of Labor Statistics of the US Department of Labor shows the output per Hour of labor worked. Non-farm Productivity indicates the overall business health in the US, which has an influence on GDP. A high reading is positive (or bullish) for the USD, while a low reading is negative (or bearish).

Most recent - Thursday 7 September 2023 12:30

Previous
3.7%
Revised
-
Forecast
3.8%
Actual
3.5%

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Thursday 2 November 2023 12:30

Previous
3.5%
Forecast
-
Actual
-

The typical/expected impact on USD pairs is medium.

There is no forecast value for Nonfarm Productivity yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Nonfarm Productivity was 3.5% against a forecast of 3.8%.

Past events

Date
Forecast
Actual
Thursday 7 September 2023 12:30
3.8%
3.5%
Thursday 3 August 2023 12:30
2%
3.7%
Thursday 1 June 2023 12:30
-2.4%
-2.1%
Thursday 4 May 2023 12:30
-1.8%
-2.7%
Thursday 2 March 2023 13:30
2.6%
1.7%
Thursday 2 February 2023 13:30
2.4%
3%
Wednesday 7 December 2022 13:30
0.5%
0.8%
Thursday 3 November 2022 12:30
0.6%
0.3%
Thursday 1 September 2022 12:30
-4.5%
-4.1%
Tuesday 9 August 2022 12:30
-4.7%
-4.6%
Thursday 2 June 2022 12:30
-7.5%
-7.3%
Thursday 5 May 2022 12:30
-5.4%
-7.5%
Thursday 3 March 2022 13:30
6.7%
6.6%
Thursday 3 February 2022 13:30
3.2%
6.6%
Tuesday 7 December 2021 13:30
-4.9%
-5.2%
Thursday 4 November 2021 12:30
-3%
-5%
Thursday 2 September 2021 12:30
2.4%
2.1%
Tuesday 10 August 2021 12:30
3.5%
2.3%
Thursday 3 June 2021 12:30
5.5%
5.4%
Thursday 6 May 2021 12:30
4.3%
5.4%
Thursday 4 March 2021 13:30
-4.7%
-4.2%
Thursday 4 February 2021 13:30
-2.8%
-4.8%
Tuesday 8 December 2020 13:30
5%
4.6%
Thursday 5 November 2020 13:30
5.6%
4.9%

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next Nonfarm Productivity result:

PreviousLatest
Core Personal Consumption Expenditures - Price Index (MoM)Bearish change0.2%0.1%
Core Personal Consumption Expenditures - Price Index (YoY)Bearish change4.3%3.9%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.2%0.4%
Personal Consumption Expenditures - Price Index (YoY)Bullish change3.4%3.5%
Personal Income (MoM)Bullish change0.2%0.4%
Personal SpendingBearish change0.9%0.4%
Pending Home Sales (MoM)Bearish change0.9%-7.1%
Core Personal Consumption Expenditures (QoQ)(no change)3.7%3.7%
Gross Domestic Product Annualized(no change)2.1%2.1%
Gross Domestic Product Price IndexBearish change2%1.7%
Initial Jobless ClaimsBearish change202K204K
Personal Consumption Expenditures Prices (QoQ)(no change)2.5%2.5%
Durable Goods OrdersBullish change-5.6%0.2%
Durable Goods Orders ex DefenseBullish change-6%-0.7%
Durable Goods Orders ex TransportationBullish change0.1%0.4%
Nondefense Capital Goods Orders ex AircraftBullish change-0.4%0.9%
New Home Sales Change (MoM)Bearish change8%-8.7%
Housing Price Index (MoM)Bullish change0.4%0.8%
S&P Global Composite PMIBearish change50.250.1
S&P Global Manufacturing PMIBullish change47.948.9
S&P Global Services PMIBearish change50.550.2
Existing Home Sales Change (MoM)Bullish change-2.2%-0.7%
Initial Jobless ClaimsBullish change221K201K
Philadelphia Fed Manufacturing SurveyBearish change12-13.5
Fed Interest Rate Decision(no change)5.5%5.5%
Interest Rate Projections - 1st yearBullish change4.6%5.1%
Interest Rate Projections - 2nd yearBullish change3.4%3.9%
Interest Rate Projections - 3rd yearBearish change3.1%2.9%
Interest Rate Projections - Current(no change)5.6%5.6%
Interest Rate Projections - Longer(no change)2.5%2.5%
Building Permits (MoM)Bullish change1.443M1.543M
Housing Starts (MoM)Bearish change1.447M1.283M
Michigan Consumer Sentiment IndexBearish change69.567.7
UoM 5-year Consumer Inflation ExpectationBearish change3%2.7%

About Nonfarm Productivity

Country:United States
Currency:USD
Source:US Bureau of Labor Statistics
Category:Labor Market
Frequency:Quarterly
 
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