|Level change (000) Q/Q||17,000|
|Level change (000) Y/Y||48,000|
Employment data counts the number of paid employees working part-time or full-time in the nation's business and government establishments. The data include employee jobs, self-employed jobs, apprentices and business owners. The definition covers all employment units in which a minimum of 20 hours per week are accomplished.
The employment data give a comprehensive report on how many people have jobs. These numbers are the best way to gauge the current state as well as the future direction of the economy. Employment data are categorized by sectors. This sector data can go a long way in helping investors determine in which economic sectors they intend to invest. By tracking the jobs data, investors can sense the degree of tightness in the job market. If employment is tight it is a good bet that interest rates will rise and bond and stock prices will fall. In contrast, when job growth is slow or negative, then interest rates are likely to decline - boosting up bond and stock prices in the process.
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