A rule of thumb for the US labour market
The monthly US labour market report (The Employment Situation) is one of the most closely-watched statistical releases and markets can experience dramatic shifts dependent on the data that are published. However, there is a vast amount of information contained in the report so it can be difficult to know which data to focus on. Furthermore, the numbers can be volatile from month-to-month. It is therefore useful to think about the longer-term characteristics and to view each release in that context.