Employment Situation Summary or Employment Report

The Employment Situation Report is an ELEVATED mortgage rate mover.  The Employment Situation Report is tremendously important because Average Hourly Earnings, Average Work Week, Non-Farm Payrolls, and the Unemployment Rate are all derived from it.  Average Hourly Earnings is an indicator of wage inflation.  If people are earning more, they are spending more.  The Average Work Week increasing should reflect growth.  Non-Farm Payrolls account for 80% of the work force and show how many individuals are employed at non-government, non-farm, and non-charity jobs.  The more people working, the healthier the economy.  The Unemployment Rate is the number of unemployed workers divided by the entire work force.  The Employment Situation Summary is released the on first Friday of every month at 8:30 [eastern].