Nonfarm Productivity. USA, 14:30 (GMT+2) 01 Sep

01Sep.202213:30

Nonfarm Productivity. USA, 14:30 (GMT+2)

At 14:30 (GMT+2) in the US, data on productivity in the non-farm sector for the second quarter will be published. The indicator is calculated by dividing the gross domestic product by the number of hours worked. A fall in labor productivity indicates inflation, equivalent to an increase in wages. The Q2 value is expected to correct from –4.6% to –4.5%.

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01 Sep. 2022 13:30

Building Permits. Canada, 14:30 (GMT+2)

At 14:30 (GMT+2) in Canada, July data on the number of building permits issued will be published. The indicator monthly records the change in the number of applications for the construction of real estate approved by the government and is one of the most important indicators of the construction sector. The value is expected to correct from –1.5% to –0.5%.

01 Sep. 2022 14:30

Initial Jobless Claims. USA, 14:30 (GMT+2)

At 14:30 (GMT+2), weekly data on the number of initial jobless claims will be released in the US. The indicator measures the number of people who applied for government payments for the first time during the past week. This data is collected by the national Ministry of Labor and published in a weekly report. The number of applications for benefits is used to measure the state of the labor market since an increase in it means that fewer people are being hired. The indicator is expected to grow from 243.0K to 248.0K, which, in turn, may harm the national currency rate.

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