Today there are no trading signals due to the NFP report.
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, nonprofit 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 Payrollsare 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.
US Economy Adds Fewer Jobs than Expected
Nonfarm payrolls in the US increased by 75 thousand in May 2019, following a downwardly revised 224 thousand rises in April and missing market expectations of 185 thousand. Employment continued to trend up in professional and business services and in health care. Monthly job gains have averaged 164 thousand in 2019, compared with an average gain of 223 thousand per month in 2018.