Employment change. EU, 11:00 (GMT+2) 07 Sep

07Sep.202310:00

Employment change. EU, 11:00 (GMT+2)

At 11:00 (GMT+2) in the euro area, data on the change in employment for the second quarter of 2023 will be published. This indicator captures changes in the number of employed citizens and is a key indicator of the national labor market. It is expected that YoY, the indicator will correct from 1.6% to 1.5%, and from 0.6% to 0.2% QoQ, which, in turn, may put pressure on the position of the European currency.

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07 Sep. 2023 06:45

Unemployment rate. Switzerland, 07:45 (GMT+2)

At 07:45 (GMT+2), August data on the unemployment rate will be published in Switzerland. This indicator captures the percentage of the number of unemployed over 18 years of age to the total working-age population. Only registered unemployed persons are taken into account. The non-adjusted figure is expected to remain at 1.9%, and seasonally adjusted — from 2.1%.

07 Sep. 2023 10:00

Gross domestic product. EU, 11:00 (GMT+2)

At 11:00 (GMT+2), data on the gross domestic product (GDP) of the EU countries for the second quarter of 2023 will be published – the main indicator reflecting the state of the national economy and taking into account domestic consumption, investment, government spending and exports. The index is projected to decline from 1.1% to 0.6% YoY and increase from 0.0% to 0.3% QoQ.

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