#USNonFarmPayrollReport
📊 US Non-Farm Payroll (NFP) Report
The US Non-Farm Payroll (NFP) report is released every month by the Bureau of Labor Statistics. It measures the total number of paid workers in the U.S., excluding farm workers, private household employees, and non-profit organizations. This report is one of the most important economic indicators because it gives insights into the health of the US job market and overall economy.
Why it matters:
Market impact: Strong NFP numbers often indicate a growing economy, which can push stock prices up and affect USD value. Weak numbers may signal economic slowdown.
Interest rates: The Federal Reserve closely watches NFP data to decide on monetary policy. High employment can lead to rate hikes to control inflation.
Trading opportunities: Traders watch NFP for volatility in forex, commodities, and indices, often leading to short-term market swings.
Key things to look for in NFP:
1. Job growth: The total number of jobs added or lost.
2. Unemployment rate: Shows how many people are looking for work.
3. Wage growth: Indicates potential inflation pressures.