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 2 May 2024 12:30

Previous
3.5%
Revised
3.5%
Forecast
0.8%
Actual
0.3%

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

Next event - Thursday 6 June 2024 12:30

Previous
-
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 0.3% against a forecast of 0.8%.

Past events

Date
Forecast
Actual
Thursday 2 May 2024 12:30
0.8%
0.3%
Thursday 7 March 2024 13:30
3.1%
3.2%
Thursday 1 February 2024 13:30
2.5%
3.2%
Wednesday 6 December 2023 13:30
4.9%
5.2%
Thursday 2 November 2023 12:30
4.2%
4.7%
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%

Economic context

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

PreviousLatest
Monthly Budget StatementBullish change$-236B$210B
Michigan Consumer Sentiment IndexBearish change77.267.4
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Initial Jobless ClaimsBearish change209K231K
ISM Services Employment IndexBearish change48.545.9
ISM Services New Orders IndexBearish change54.452.2
ISM Services PMIBearish change51.449.4
ISM Services Prices PaidBullish change53.459.2
S&P Global Composite PMIBullish change50.951.3
Average Hourly Earnings (MoM)Bearish change0.3%0.2%
Average Hourly Earnings (YoY)Bearish change4.1%3.9%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBearish change315K175K
U6 Underemployment RateBearish change7.3%7.4%
Unemployment RateBearish change3.8%3.9%
Factory Orders (MoM)Bullish change1.2%1.6%
Initial Jobless Claims(no change)208K208K
Unit Labor CostsBullish change0%4.7%
Challenger Job CutsBearish change90.309K64.789K
Fed Interest Rate Decision(no change)5.5%5.5%
ISM Manufacturing Employment IndexBullish change47.448.6
ISM Manufacturing New Orders IndexBearish change51.449.1
ISM Manufacturing PMIBearish change50.349.2
ISM Manufacturing Prices PaidBullish change55.860.9
JOLTS Job OpeningsBearish change8.813M8.488M
ADP Employment ChangeBearish change208K192K
Chicago Purchasing Managers' IndexBearish change41.437.9
Housing Price Index (MoM)Bullish change-0.1%1.2%
Employment Cost IndexBullish change0.9%1.2%

About Nonfarm Productivity

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

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