The concept
Employment data measures how many people have jobs and how fast wages grow.
Why it matters
Jobs drive consumer spending and are half the Fed's mandate.
How markets interpret it
Strong jobs can lift rate expectations; weak jobs can lower them.
How it may relate to gold
Weak jobs data sometimes supports gold via lower expected rates — not always.
Key takeaways
- Jobs data shapes rate expectations.
Knowledge check
Employment is part of the Fed's…