Latest Release
Actual
Forecast
Previous
Category
Labor
Source
Bureau of Labour Statistics
Frequency
Monthly
Units
PSN
The U.S. Nonfarm Payrolls (NFP) is a key indicator from the Bureau of Labor Statistics’ (BLS) monthly Employment Situation Report, measuring the change in the number of jobs added or lost in the non-agricultural sector during the previous month, excluding farmers, self-employed individuals, private household employees, nonprofit organization workers, and certain government employees. It serves as a critical gauge of the U.S. labor market’s health and economic activity, typically released on the first Friday of each month, covering metrics such as job growth, unemployment rate, average hourly earnings, and labor force participation rate.
NFP data is a vital reference for the Federal Reserve’s monetary policy decisions, with its strength directly impacting interest rate expectations, the U.S. dollar exchange rate, and global financial market volatility. Higher-than-expected data is generally bullish for the USD, signaling a robust economy and increased consumer spending, while lower-than-expected data is bearish, indicating economic weakness and affecting market confidence.
The nonfarm payrolls report could act as a catalyst for the yen's continued rise, potentially driving it past the levels reached during the global market turmoil on August 5.
Global markets were concentrating on the Federal Reserve’s meeting last week which saw a second consecutive 75 basis points interest rates hike. No hints were given to investors in which direction the Fed will move in September, as Fed Chair Jerome Powell noted that it is now time to analyse the incoming data. So, this […]
Market attention shifts to the US labour market with the latest nonfarm payrolls release and wage data which could see further upwards pressure on inflation. Oil markets are looking to the next OPEC+ meeting and on the central bank front it’s the turn of the Bank of Canada to raise rates in an effort to […]
Blonde Money Founder and CEO Helen Thomas explains the political impact of today’s US nonfarm payrolls report – how will President Trump use a positive or negative print to his advantage with the 2020 US Presidential Election edging closer? Catch more insight from Helen every week with Blonde Markets on XRay.
