【Macro in 2 Minutes】U.S. Labor Market Key Metrics and Insights

The United States is the world's largest consumer market, and employment is the cornerstone of consumer spending. Breaking down the household disposable income of America, you will notice that over 70% comes from salary. As a result, the monthly employment report published by the U.S. Bureau of Labor Statistics at the beginning of each month is imperative for all investors.

This article will introduce two indicators in the report, which are the non-farm payrolls and the unemployment rate, as well as two indicators derived from them: the non-farm payrolls diffusion index and Sahm Recession Indicator.

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