The US Nonfarm Payroll Report (NFP) is a key monthly economic release that measures the change in the number of employed people in the US, excluding farm workers, private households, and non-profit organizations. Published by the US Bureau of Labor Statistics, the NFP report helps assess labor market strength and overall economic health Crypto and traditional markets often react to NFP data, unemployment rate, and average hourly earnings, as strong or weak employment numbers can influence Federal Reserve policy, interest rate expectations, and USD liquidity.
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