United States USD

United States Labor Day

Impact:
Medium

Next Release:

Date:
Period: Jul
What Does It Measure?
Labor Day in the United States primarily measures the social and economic contributions of American workers, commemorating their achievements and significance in the labor movement. While it does not produce direct economic data, it reflects on employment trends, workforce dynamics, and wage conditions in the context of labor rights.
Frequency
Labor Day is observed annually on the first Monday in September, serving as a national holiday rather than a report that generates periodic data releases.
Why Do Traders Care?
Traders pay attention to Labor Day because it signifies the end of summer and can indicate shifts in consumer spending patterns, particularly in retail and travel sectors as families prepare for the back-to-school season. It may affect market sentiment regarding upcoming economic indicators related to seasonal employment and wage growth, impacting equities and consumer-based stocks.
What Is It Derived From?
Labor Day does not have a calculable economic indicator but represents a culmination of worker rights movements and labor statistics that may be highlighted during events and celebrations, such as parades and speeches. It draws from historical labor struggles and current employment data reported by agencies such as the Bureau of Labor Statistics (BLS).
Description
As a national holiday, Labor Day does not have a preliminary or final report structure but stands as a recognized observance of labor achievements and the impact of employment laws over the years. Its significance is often highlighted in media coverage, discussions of labor market conditions, and shifts in consumer behavior leading into fall.
Additional Notes
Labor Day can be seen as a coincident economic measure as it underscores the significance of the workforce's role in economic activity, often influencing buying patterns and labor discussions in the following months. The holiday also serves as a cultural marker, often affecting broader economic trends such as seasonal employment fluctuations and consumer confidence.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise