Daily Video Review - 10/06
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Unemployment Rate (AUD) – 10/06
- Donald Herison
- English
- ANNOUNCEMENTS
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What is it? It checks the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
When? June 10th at 9:30pm Eastern Time.
Trading Tip: If the actual number is lower than the forecast, you can expect the AUD to rise.
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