At least most people understand this statistic. It is usually issued quarterly and it reflects the widest measure of economic activity. When it is high, there are usually high interest rates unless the increased inflation pressure is concurrently undermining currency confidence.
Payroll Employment [PE]
The government and sometimes businesses usually employ people and pay them monthly. The total number of people who belong to these two payroll types is what is referred to here. So, PE is one of the primary monthly indicators of economic activity because all the major sectors of the economy are involved.
When the PE is high, the economic activity is strong and this means that the interest rates would go high and the currency would probably be supported.
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