Forex encyclopedia

The indicator showing the number of work positions emerged for a month in the USA without account of farm positions is called Nonfarm Payrolls. Farming has too heavy season fluctuations, therefore, it was removed from structure of the present indicator to make the result smoother and more indicating. Payroll represents statement for accruing wages to American hired men. This information is submitted to the US Bureau of Labor Statistics which then published it in the monthly employment situation summary in the USA. This report is issued on the first Friday of each month, at 08:30 EST (New York). The information is collected by state agencies from more than 400 000 non-farm enterprises. It is almost 40% of all existing work positions in the country. This statistics includes new work places created in such branches as construction, transport, real estate, finance, mining industry, trade, services etc.

Sales of existing homes is the indicator helping to trace the number of sold houses per year on the existing home market. Also it can assist in forecasting about current confidence of buyers (consumer optimism) and their sentiment to buy precious assets. Index value is subject to great season fluctuations characterizing real estate market. Increase in volume of construction is closely related with the growth of income of population and is favorable towards economic growth. The data on the amount of sol houses is published on the fourth week of every month at 10:00 EST (New York). Market respond to this index is weak. Index growth is a positive factor for consolidation of national currency.