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News Release on the Internet:
http://stats.bls.gov/news.release/empsit.toc.htm

Frequency: Monthly

Source: Bureau of Labor Statistics, Department of Labor

Importance:

No single economic indicator can jolt the stock and bond markets as much as the jobs report. The reason? To begin with, employment news is very timely. It’s released just a week after the end of the month being reviewed. Second, the report is rich in detail about the job market and household earnings, information that can help forecast future economic activity.

There is another eason why it has such a hold on hthe financial markets. The job numbers often contain surprises. Experts have a difficult time trying to predict the unemployment figures because there’s so little other information out yet for that month.

For how is it computed, I’d suggest you get Bernard’s Book from Amazon.

How is it affecting the Dollar

Employment news can greatly influence the dollar’s value in currency markets. A vigorous jobs report could drive interest rates higher, which makes the dollar more attractive to foreign investors. They can now earn more interest income by owning U.S. Treasury securities. On the other hand, an anemic jobs report softens demand for U.S currency because it spells trouble for American stocks and puts downward pressure on rates, both of which makes the dollar less appealing to foreigners.

Source: The Secrets of Economic Indicators, Bernard Baumohl

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