United Kingdom GBP

United Kingdom Employment Change - Adjusted

Impact:
Medium

Next Release:

Date:
Period: Jul
What Does It Measure?
The United Kingdom Employment Change - Adjusted measures the net change in the number of employed individuals over a specified period, focusing primarily on shifts within the labor market. This indicator assesses key areas such as job creation, unemployment trends, and overall economic health, providing insights into production capacities and consumer spending potential.
Frequency
This report is released monthly, typically comprising all revisions and is published on a designated day of the month following the reporting period.
Why Do Traders Care?
Traders closely monitor the Employment Change - Adjusted as it serves as a vital gauge of economic strength, influencing investor sentiment in financial markets. A stronger-than-expected employment figure is typically bullish for the British Pound (GBP) and UK equities, while disappointing results may lead to bearish outcomes for these assets.
What Is It Derived From?
The Employment Change - Adjusted is derived from the International Labour Organization's (ILO) methodology, which includes data collected from the Labor Force Survey (LFS), involving a representative sample that encompasses households across the UK. This includes comprehensive response evaluations and the use of statistical techniques to provide accurate employment estimates.
Description
The indicator's preliminary data is based on early estimates and is subject to revision, whereas final data represents a more accurate reflection of employment changes released after additional review. Financial markets often react more acutely to preliminary figures due to their immediacy, while finalized data may lead to shifts in sentiment as it affirms or alters initial interpretations of labor market health.
Additional Notes
This employment change figure is considered a coincident economic indicator, reflecting current labor market conditions that can influence broader economic trends. It is often compared with other labor statistics, such as unemployment rates and wage growth, providing a comprehensive view of the economic landscape in the UK.

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