The week builds toward Friday’s US employment report, but the calendar opens quietly and gathers pace through midweek jobs prints from New Zealand and Canada.
Monday
ISM Manufacturing PMI (US) β 14:00 UTC. The survey gauges activity across US factories, with readings above 50 marking expansion. Forecast is 54.0 against 53.3 previously. A widely watched barometer of industrial demand, it typically moves the dollar and US indices.
Tuesday
New Zealand Employment Change q/q β 22:45 UTC. Measures the quarterly change in employed people. Forecast is 0.1%, down from 0.2% prior.
New Zealand Unemployment Rate β 22:45 UTC. Released alongside, the jobless rate is seen ticking up to 5.4% from 5.3%. Both prints land together and drive NZD crosses.
Friday
The day carries the week’s heaviest load, with Canadian and US labour data hitting simultaneously at 12:30 UTC.
Canada Employment Change. Tracks the net change in jobs. Forecast is 15.0K, cooling from 18.2K prior.
Canada Unemployment Rate. Expected to hold at 6.5%. The pair of Canadian releases moves CAD, with oil-linked crosses often sensitive alongside.
US Average Hourly Earnings m/m. A wage-inflation read, forecast at 0.3%, matching the prior 0.3%.
US Non-Farm Employment Change. The month’s marquee number, measuring jobs added outside farming. Forecast is 88K versus 57K previously.
US Unemployment Rate. Seen steady at 4.2%. The payrolls package is the single largest scheduled driver for the dollar, US indices, gold, and Treasury-sensitive assets across the week.
What to watch
Friday’s 12:30 UTC cluster concentrates the week’s event risk into a single window, with the US jobs trio the dominant focus.
