How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China's unemployment rate edges down below 4%
China's registered urban unemployment rate went down below 4% for the first time in years. Undoubtedly, it’s a hopeful sign that slower economic surge isn’t generating the massive unemployment, which could potentially provoke social instability.
On Tuesday, the social security ministry told that 3.34 million new jobs were generated during the first quarter.
The registered urban unemployment rate hit 3.97% at the end of the first quarter, as Ministry of Human Resources and Social Security official Lu Aihong revealed at a news conference.
China has kept employment mostly stable even as economic surge has decreased to a 26-year minimum and the authorities shut down outdated industrial capacity, although many experts say the official figure appears to be an unreliable indicator of nationwide employment conditions.
On an annual basis, in 2001 the official unemployment rate dipped below 4%, when it was 3.6%, as the National Bureau of Statistics disclosed. The rate actually concluded 2016 at 4.02% after not budging from 4.1% during 2010-2015.
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Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
