#USNonFarmPayrollReport That's a key economic indicator!
The US Non-Farm Payroll (NFP) Report is one of the most closely watched and market-moving economic reports in the world.
📊 What is the NFP Report?
The Non-Farm Payroll is a monthly statistic published by the **U.S. Bureau of Labor Statistics (BLS)** that measures the **change in the number of paid workers in the U.S. economy**, excluding farm employees, private household employees, and non-profit organization employees.
* It essentially covers approximately **80% of U.S. workers** who contribute to the Gross Domestic Product (GDP).
* It's a vital gauge of the **strength of the U.S. labor market** and the overall economy.
🔑 Key Components of the Report
The NFP release is part of the broader "Employment Situation Summary" and includes several critical figures:
**Non-Farm Payrolls (The Headline Figure):** The net change in the number of jobs created or lost in the non-farming sector.
**Unemployment Rate:** The percentage of the total labor force that is unemployed but actively seeking work.
**Average Hourly Earnings:** This measures wage inflation, a crucial factor for the Federal Reserve in setting interest rate policy.
**Average Weekly Hours Worked:** An indicator of business activity and demand for labor.
🗓️ When is it Released?
The NFP report is typically released on the **first Friday of every month** at 8:30 AM Eastern Time (ET), covering data for the previous month.
*Note:* Based on recent search results (reflecting a government shutdown that caused delays), the November 2025 NFP data was recently released on Tuesday, December 16, 2025, instead of the usual first Friday.
📈 Why is it Important?
The report's impact is significant because it provides insights into:
1. *Economic Growth:* Job creation leads to greater consumer spending, which fuels economic activity.
2. *Federal Reserve Policy:* The data, especially wage growth and the unemployment rate, heavily influences the Federal Reserve's decisions on **interest rates* (monetary policy) to manage inflation and employment.