What exactly is the Employment Situation Report?

The Employment Situation Report, also commonly called the Labor Report, is an economic indicator that basically reports on the number of people out of work in the country, as well as on general wage rates, etc. The first part of the Employment Situation Report is called the household survey, which surveys approximately 60,000 households throughout the country about those out of work. From that number, the general unemployment rate is calculated. In other words, the household survey is a very powerful survey that helps determine the country’s overall unemployment rate.

The household survey is basically a lagging indicator, which means that any changes that occur in the number of people out of work usually happen after changes in an economy. If the economy is strong, the number of people out of work will generally soon decrease (positive effect on the currency rate), while if the economy slows down, the effect on the number of unemployed people might not be felt until a few months later (negative effect on currency rate).
The household survey is also countercyclic in nature, which means that the overall unemployment rate moves in the opposite direction of the overall economic trends. If the economy is in a growth mode, that means that the unemployment rate will decrease, while if the economy is weakening, then the unemployment figure will increase.

The establishment survey, which is the second part of the Economic Situation Report, measures hours worked and overall hourly earnings throughout the country. It does this by surveying about 400,000 businesses nationwide. It is considered a coincident economic indicator, as it changes when the economy changes. If the number of hours worked and the overall wage increases, then the economy is moving in the same direction at the same time.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.