Nonfarm productivity is a US fundamental indicator released in the quarterly Productivity and Costs report by the US Bureau of Labor Statistics. Normally, it is released 65 days after the quarter’s end. It is not a very influential macroeconomic indicator. Lower productivity is favored by the dollar bulls as it implies higher wages paid for the same work done. Better-than-expected reports can be helpful to the US currency. Worse-than-expected numbers can sometimes hurt it. The posts found below contain info on nonfarm productivity reports since 2007.
2020
- EUR/USD Reverses Gains, Drops Sharply After Positive Surprise from US NFP
- EUR/USD Rallies Ahead of NFP
- EUR/USD Recovers on Outlook for Additional Rate Cuts from Fed
- EUR/USD Little Changed Despite Negative Eurozone Data
2019
- EUR/USD Climbs After FOMC Signals About No Rate Changes in 2020
- EUR/USD Backs Off After Rallying Intraday
- EUR/USD Rises Despite Improving US Employment, Reverses Movement After ISM Services PMI
- EUR/USD Drops After US Retail Sales Beat Expectations
- EUR/USD Surges After ECB Monetary Policy Meeting
- EUR/USD Extends Decline
- EUR/USD Tanks to Almost 2-Year Low After Dovish ECB Meeting
2018
- EUR/USD Rallies, Supported by US Employment Data Miss
- EUR/USD Surges After Three Days of Losses
- EUR/USD Flat After ADP Employment Missed Expectations
- EUR/USD Recovers After Touching 13-Month Low
- EUR/USD Rallies After Hawkish Comments from ECB Officials
- EUR/USD Attempts to Rally on Profit-Taking, Fails
- EUR/USD Trading Ignores US Macros
- EUR/USD Resumes Rally After Pause Caused by FOMC Statement
2017
- EUR/USD Continues Move Down as Traders Wait for Tax Overhaul
- EUR/USD Gains on Eurozone Manufacturing
- EUR/USD Jumps on ECB, US Jobless Claims
- EUR/USD Volatile on Mixed US Data
- EUR/USD Drops Even as US Services Sector Fails to Meet Expectations
- EUR/USD Rallies After French Election Debate
- ADP Employment Beats Expectations by Wide Margin, EUR/USD Slides
- Dollar Retreats vs. Euro in Day Following FOMC Meeting
2016
- EUR/USD Retreats After Post-Referendum Rally
- EUR/USD Halts Rally After Two Days of Gains
- EUR/USD Bounces as ISM Manufacturing PMI Misses Expectations
- EUR/USD Jumps After Moving Sideways
- EUR/USD Trades in Range
- EUR/USD Trades Mostly Sideways
- Poor US Data Drives EUR/USD Higher Even as ECB Policy Meeting Looms
- Monetary Tightening in Question, EUR/USD Continues March Higher
2015
- EUR/USD Jumps 3% After ECB
- EUR/USD Slumps as NFP Surprises with Stellar Reading
- EUR/USD Slips as Market Sentiment Stabilizes
- EUR/USD Swayed by External News
- EUR/USD Halts Rally After US Jobless Claims
- EUR/USD Soars on Poor Employment Expectations
- EUR/USD at New Lows After Draghi Speaks
- Dollar Falls vs. Euro After Mixed Reports
2014
- Data from USA Makes EUR/USD Drop to New Low
- New Lows for EUR/USD After ECB
- EUR/USD Sinks After ECB Surprises Forex Market
- EUR/USD Grows on German and US Data
- EUR/USD Drops as US Services PMI Rises
- EUR/USD Drops Ahead of ECB
- EUR/USD Surges Upward After Draghi’s Comments
- ECB Avoids Interest Rate Cut, EUR/USD Shows Solid Rally
2013
- Week Begins Favorably for EUR/USD
- EUR/USD Attempts to Recover on US Data, Yellen’s Comments
- EUR/USD Slumps as ECB Plans to Keep Rates Low
- EUR/USD Rises as US Data Leaves Sour Taste
- EUR/USD Advances as ADP Report Trails Forecasts
- EUR/USD Reverses Drop After ECB Cuts Interest Rates
- EUR/USD Jumps as ECB Sees Signs of Stabilization
- EUR/USD Down on Draghi’s Comments
2012
- Rally of EUR/USD Ends on Poor Data & Spanish Debt Auction
- EUR/USD Goes Down on Signs of Improvement in US Economy
- EUR/USD Jumps as ECB Initiates Bond Purchases
- EUR/USD Falls with German Industrial Production
- EUR/USD Climbs as ECB Ready to Act
- EUR/USD Erases Gains After ECB Maintains Key Interest Rates
- EUR/USD Jumps on Bond-Swap Agreement
- EUR/USD Down as Concerns Return to FX Market
2011
- EUR/USD Surges on Unexpected Fed Announcement
- EUR/USD Goes Up as ECB Reduced Rates & Greek Referendum Won’t Occur
- EUR/USD Slumps as US Manufacturing Grows
- FOMC May Keep Zero Rates for 2 Years, EUR/USD Up
- Another Set of Negative Reports from US Spurs EUR/USD
- ECB Holds Key Rate, EUR/USD Sinks
- EUR/USD Rallies as Trichet Says Interest Rate Hike Possible
- EUR/USD Tumbles on Trichet’s Comments & Good US Reports
2010
- EUR/USD Jumps with Anticipation of ECB Meeting
- Growing Unemployment Claims Weaken Dollar
- EUR/USD Swings, May Decline as US Home Market Improves
- EUR/USD Surged After FOMC Kept Interest Rates Near Zero
- EUR/USD Down on Improving Employment Data
- Nonfarm Business Supports Greenback vs. Euro
- Dollar Climbs on Mixed Data, ECB Statement
- Dollar Hits New 2010 Record High
2009
- Spike on EUR/USD as ECB Strengthens Euro
- Failed Correction on EUR/USD on More Good Data
- EUR/USD Forms Doji This Week
- How Many More Days EUR/USD to Decline?
- EUR/USD Down for a Second Day as Productivity Grew
- EUR/USD Trades with High Volatility after ECB Rate Cut and U.S. Employment Report
- EUR/USD Down After ECB Slashes Rate and Mixed Reports Come out in U.S.
- Dollar Trades Almost Without Change against Euro
2008
- Mixed Reports on Economy Drive Dollar Up
- Dollar Experiences Fastest Daily Rally Since 2004
- Dollar Tries to Keep Yesterday Gains
- EUR/USD Falls Today as Fundamentals Improve, Less Rate Cuts Expected
- Dollar Continues to Lose Positions