The US PPI will come out on Thursday, May 12, at 15:30 MT time.
US nonfarm payrolls edge up more than anticipated in November
In November, the US monthly employment report demonstrated that the American economy generated more jobs than anticipated. The overall unemployment rate was still intact and wage inflation rallied less than anticipated, according to official data published on Friday.
In November, non-farm payrolls edged up by 228,000, following October’s outcome of 244,000, which was updated down from the initial jump of 261,000. The given outcome surpassed the consensus forecast for the creation of up to 200,000 jobs.
As for the jobless rate, it held at 4.1% in November, which is in line with expectations.
In November, average hourly earnings added by 0.2%, which is below estimates for a jump of 0.3%.
The leap in wages is being closely watched by the Fed for evidence of diving slack in the labor market and also upward pressure on inflation. Market experts expect a surge of 3% or more to be consistent with ascending inflation.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.