Event at Fri - 7 December 2007

Time(GMT):	Currency:	Event:	Forecast:	Previous:
12:01am	GBP	NIESR GDP Estimate		0.7%
	The National Institute of Economic and Social Research (NIESR) Gross Domestic Product (GDP) Estimate is a prediction for the past month's official GDP using statistical projection techniques. NIESR is one of the UK's oldest independent economic research institutes and their estimates are widely reported in the press.
7:45am	EUR	French Government Budget Balance		-51.7B
	Measures the difference between the central government's monthly income and spending. A positive number indicates more revenue was received than spent during the month.
12.00pm	CAD	Employment Change	8.0K	63.0K
H O T	Measures the change in number of employed people during the previous month. A rising trend has a positive effect on the nation's currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP. This report is the first of the month that relates to labor conditions, making it susceptible to big surprises.
12:00pm	CAD	Unemployment Rate	5.9%	5.8%
	Measures the percentage of total work force that is unemployed and actively seeking employment during the previous month. A falling trend has a positive effect on the nation's currency because working people tend to spend more money, and consumer spending makes up a large portion of GDP. This indicator doesn’t garner as much attention it's job-creation counterpart because traders generally view unemployment as a lagging indicator that gives little indication of the economy’s future performance.
1:30pm	USD	Nonfarm Employment Change	75K	166K
H O T	Measures the change in number of employed people during the previous month, excluding the farming industry. A rising trend has a positive effect on the nation's currency. Job creation is an important indicator of economic health because consumer spending, which is highly correlated with labor conditions, makes up a large portion of GDP. This report is the first of the month that relates to labor conditions, making it susceptible to big surprises.
1:30pm	USD	Unemployment Rate	4.8%	4.7%
H O T	Measures the percentage of total work force that is unemployed and actively seeking employment during the previous month. A falling trend has a positive effect on the nation's currency because working people tend to spend more money, and consumer spending makes up a large portion of GDP. This indicator doesn’t garner as much attention it's job-creation counterpart because traders generally view unemployment as a lagging indicator that gives little indication of the economy’s future performance.
1:30pm	USD	Average Hourly Earnings m/m	0.3%	0.2%
	Measures the rate of inflation found in the wages paid to nonfarm jobholders. A rising trend has a positive effect on the nation's currency. When businesses pay more for labor, they are likely to pass the higher costs to the consumer, so traders view wage inflation as a leading indicator of consumer inflation.
3:00pm	USD	Consumer Sentiment (p)	75.0	76.1
H O T	Measures consumer attitudes concerning both the present situation and future expectations. It's derived from a monthly 500-person survey conducted by the University of Michigan. Higher sentiment levels are a leading indicator of rising consumer spending, which accounts for two-thirds of the economy.