Non Farm payrolls (NFP)

Bureau of Labor Statistics (latest release)

Measures Change in the number of employed people during the previous month, excluding the farming industry;

Usual Effect Actual > Forecast = Good for currency;

Frequency Released monthly, usually on the first Friday after the month ends;

This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts;

Why Traders Care Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;

Also Called Non-Farm Payrolls, NFP, Employment Change;