Resources
Labour Markets
Nonfarm payrolls, unemployment, earnings, JOLTS and labour-force participation.
All Labour Markets Articles
The Phillips Curve and Forex: Why Labour Markets Matter for Inflation and Currencies
A comprehensive guide to the Phillips Curve for forex traders — the wage Phillips Curve, expectations-augmented version, NAIRU, why the curve has flattened, supply shocks, and the FX implications of labour-market tightness.
Unemployment Rate and Forex: How Labour Market Data Affects Currencies
A comprehensive guide to the unemployment rate for forex traders — participation effects, broader underemployment measures, the link to wage pressure and inflation, and why lower unemployment does not always strengthen a currency.
Labour Market Slack: Why It Matters for Central Banks and Currencies
Labour market slack is the unused capacity in the labour market. This guide explains what slack is, how to measure it with unemployment, participation and vacancies, and why it drives central bank policy and currencies.
Jobless Claims and Currency Markets: How Weekly Unemployment Data Moves FX
Jobless claims measure the number of people filing for unemployment benefits each week. This guide explains initial vs continuing claims, why this weekly data matters for FX, and how to interpret jobless claims for currency trading.
JOLTS Job Openings Explained: What the Labour Market Tightness Tells Forex Traders
JOLTS (Job Openings and Labor Turnover Survey) measures job openings, hires, and quits. This guide explains why JOLTS matters, how the quits rate signals wage pressure, and why the Fed watches JOLTS closely for FX-relevant signals.
Nonfarm Payrolls Explained for Forex Traders
Nonfarm Payrolls (NFP) is the most important US labour market release for forex traders. This guide explains what NFP is, how to interpret the jobs report, why strong employment data can sometimes weaken the dollar and how to trade it.
Wage Growth for Forex Traders: Why Earnings Data Drives Central Bank Policy
Wage growth measures the rate at which earnings are rising. This guide covers Average Hourly Earnings, the Employment Cost Index, and why wage growth is the critical link between labour market strength and inflation for FX traders.