The US April seasonally adjusted non-farm payroll employment and unemployment rate data will be released in ten minutes

BlockBeats News, May 2nd: The US April seasonally adjusted non-farm payroll employment and unemployment rate, average hourly earnings monthly rate and annual rate will be released in ten minutes.

The US Unemployment Rate refers to the percentage of the unemployed population to the labor force during a certain period (the labor force number of those willing to work but still without a job among the total employment population during a certain period), aiming to measure the idle labor capacity. It is a key indicator reflecting the unemployment situation of a country or region. The unemployment rate is one of the most important economic indicators, greatly influenced by labor market supply and demand as well as economic cycles. The level of the unemployment rate also reflects the economic performance. Despite being considered a lagging indicator, the unemployment rate is an important signal for measuring the overall economic health, as consumer spending is highly correlated with the labor market conditions. An increase in the unemployment rate indicates weakened consumption, which is detrimental to economic development; a decrease in the unemployment rate signifies economic improvement.

Non-farm payroll data reports the changes in the employment number in the US non-agricultural sector, excluding employment data in the agricultural sector.