Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
The typical/expected impact on USD pairs is medium.
There is no forecast value for Unit Labor Costs yet - check back for updates.
The most recent announced value for Unit Labor Costs was 1% against a forecast of 1.6%.
Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Unit Labor Costs result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Existing Home Sales Change (MoM) | Bullish change | -0.2% | 1.5% | ||
| Philadelphia Fed Manufacturing Survey | Bearish change | 23.2 | -12.8 | ||
| NY Empire State Manufacturing Index | Bullish change | -8.7 | 10.7 | ||
| Michigan Consumer Expectations Index | Bearish change | 51.7 | 51.2 | ||
| Michigan Consumer Sentiment Index | Bearish change | 55.1 | 55 | ||
| UoM 1-year Consumer Inflation Expectations | Bearish change | 4.7% | 4.6% | ||
| UoM 5-year Consumer Inflation Expectation | (no change) | 3.7% | 3.7% |
| Country: | United States |
|---|---|
| Currency: | USD |
| Source: | US Bureau of Labor Statistics |
| Category: | Labor Market |
| Frequency: | Quarterly |