US jobs report: Macro the Mightiest: ET Prime Special – Part 6: How the US ‘jobs report’ impacts markets, and why

On a specific day each month, a ritual takes place in the financial world. At 8:30 AM Eastern Time, the US Bureau of Labor Statistics (BLS) releases its “Employment Situation Summary”, colloquially known as the jobs report. The moment it happens, right from Dow Jones, to Nasdaq, to Nikkei, to the Nifty react strongly, up and down is a different issue. The numbers that flash across the screen (the unemployment rate, non-farm payrolls) have the