We discuss how this data offers an extremely useful insight into the economy
Thursday 21 Feb 2019 Author: Ian Conway
Every so often a piece of economic data comes along which causes stock markets to have a major wobble. Among economic releases, by far the most widely anticipated are the US non-farm payrolls and the US manufacturing purchasing managers’ index or PMI. Non-farm payrolls are simply the number of people joining the workforce each month in every sector except agriculture. Although employment is a lagging indicator for the economy...