#USNonFarmPayrollReport The US Non Farm Payroll Report is one of the most closely watched economic indicators because it provides a detailed snapshot of employment trends across the American economy excluding farm workers government employees private household staff and nonprofit workers. It shows how many jobs were added or lost during the previous month which helps measure economic growth business confidence and labor demand. Strong payroll growth usually signals a healthy and expanding economy with rising consumer spending power while weak or negative figures can point to slowing growth or the risk of recession. The report also includes data on the unemployment rate average hourly earnings and labor force participation which together reveal wage pressures inflation risks and overall labor market tightness. Because of its influence on inflation expectations the Federal Reserve relies heavily on this report when deciding interest rate policy making it a major driver of financial market movements including currencies stocks bonds and commodities.