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Non-Farm Payroll (NFP) report

by SignalFactory   ·  September 6, 2019 | 04:19:20 UTC  

Non-Farm Payroll (NFP) report

by SignalFactory   ·  September 6, 2019 | 04:19:20 UTC  

Today there are no trading signals due to the NFP report.

Nonfarm payrolls in the US increased by 164 thousand in July of 2019, following a downwardly revised 193 thousand in June and in line with market expectations. Notable job gains occurred in professional and technical services (+31,000), health care (+30,000), social assistance (+20,000), and financial activities (+18,000). Non-Farm Payrolls in the United States averaged 125.80 Thousand from 1939 until 2019, reaching an all-time high of 1118 Thousand in September of 1983 and a record low of -1959 Thousand in September of 1945

Non-Farm Payroll (NFP) is a term used in the U.S. to refer to any job with the exception of farm work, unincorporated self-employment and employment by private households, non-profit organizations and the military and intelligence agencies.

Non-Farm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.

The Non-Farm Payroll sare reported on the first Friday of the following month, with occasional exceptions, at 8:30 a.m. The data are used to assist policymakers and economists with determining the current state of the economy and predicting future levels of economic activity.

(The headline figures the change in the total number of Non-Farm Payrollcompared to the previous month is used as a gauge of economic health.) 

Non-Farm Payrolls in the United States averaged 126.78 Thousand from 1939 until 2018, reaching an all-time high of 1115 Thousand in September of 1983 and a record low of -834 Thousand in October of 1949.

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