The non-farm payrolls (NFPs) are published in the US on a monthly basis by the US Bureau of Labour Statistics, and are one of the most important macroeconomic reports that come from the world’s largest economy. They are most frequently published on the first Friday of the month at 1:30pm UK local time, and represent the change of employment in the non-farming sector in the US economy.
Non-farm payrolls, also referred to as NFPs, represent the change in the total number of paid US workers of any business - excluding the agricultural industry and general government employees.
It’s a monthly report generated and reported by the US Bureau of Labour Statistics, and is typically released on the first Friday of the month, for the previous month’s data.
It’s seen as an important statistic in gauging the strength of the US economy, which is the largest in the world.
NFPs typically encourage high market volatility on certain instruments, as investors seek to take advantage of the rapid price movements and react to the data release.
The non-farm payrolls (NFPs) are published in the US on a monthly basis by the US Bureau of Labour Statistics, and are one of the most important macroeconomic reports that come from the world’s largest economy. They are most frequently published on the first Friday of the month at 1:30pm UK local time, and represent the change of employment in the non-farming sector in the US economy.
The NFPs are a significant report that helps investors to gauge the strength of the US economy and as a result, this data release can bear a strong influence on currency markets, indices and stocks around the world.