Markets & regulation

Nonfarm payrolls (NFP)

Also called: non-farm payrolls · nonfarm payroll · jobs report · employment report

In shortThe monthly count of how many jobs the US economy added or lost, the headline number of the jobs report.

The Bureau of Labor Statistics publishes the report, officially called the Employment Situation, usually on the first Friday of the month at 8:30 am New York time. The count comes from a survey of employers and leaves out farm workers, the self-employed and household staff. The unemployment rate comes from a separate survey of households.

A strong number is not always good news for markets. When the Federal Reserve is worried about inflation, a hot jobs market can mean higher rates for longer, so stocks and Bitcoin may fall on it. Earlier months are also revised, sometimes by a lot.

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