WHAT IS THE PAYROLL INDEX
The Payroll Index is an economic indicator that presents data on the employment rate in the United States. It is released monthly and is one of the country's main indicators.
The Payroll Index is important for the financial market because it provides information on the health of the American economy. The Payroll data is used by the Federal Reserve - FED (#FederalReserve ), the US central bank, to adjust the interest rate.
The Payroll Index presents data such as: Opening and closing balance of job vacancies, Unemployment rate, Average salary of workers, Average hours worked.
The Payroll Index is released every first Friday of the month, but may be postponed to the second Friday if there is a holiday or some extraordinary event.
Payroll has a global impact on financial markets, affecting the price of the dollar, interest rates and the amount of trading on the US Stock Exchange.
