France Labor Day

Info

History

Chart

Impact:

Low

Next Release:

Forecast:

Period: May 2020

What Does It Measure?

Labor Day in France does not measure a typical economic indicator; instead, it is a national public holiday dedicated to workers, focusing on labor rights and social achievements. As such, it does not assess production, employment, or inflation and is not associated with key economic indicators or measures.

Frequency

Labor Day in France is celebrated annually on May 1st.

Why Do Traders Care?

Traders generally do not focus on Labor Day itself as an economic indicator, but they may pay attention to any labor-related demonstrations or government announcements made on this day, which could influence economic policy or labor laws. While it doesn’t directly impact financial markets, any policy shifts announced can have long-term implications for labor costs and business operations, subtly affecting market expectations.

What Is It Derived From?

Labor Day stems from historical movements for workers' rights and does not involve calculation or survey data. It is derived from the tradition of celebrating the contributions of workers and advocating for their rights.

Description

Labor Day in France is a public holiday commemorating the achievements of the labor movement and the social contributions of workers. It involves widespread celebrations and rallies organized by labor unions, aiming to promote workers' rights and address issues such as wage stability and working conditions. This event is typically marked by peaceful demonstrations and public speeches, fostering awareness and promoting changes in labor-related policies. As it is not an economic report, there are no preliminary or final versions, and it does not rely on MoM, QoQ, or YoY measurement methods.

Additional Notes

While not a direct economic measure, Labor Day serves as a platform for labor organizations to influence policy change, aligning with broader global labor discussions. It acts as a coincident indicator for public sentiment regarding labor conditions and can inspire changes resonating with international labor trends.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the ‘Actual’ value differs enough from the forecast or if the ‘Previous’ value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the ‘Actual’ deviates from the forecast or there’s a notable revision to the ‘Previous’ value.

Medium Potential Impact
This event is unlikely to affect market pricing unless there’s an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
'Actual' deviated from 'Forecast' on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency.

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise