Breaking: US Nonfarm Payrolls increase by 143,000 in January vs. 170,000 expected
Nonfarm Payrolls (NFP) in the US rose by 143,000 in January, the US Bureau of Labor Statistics (BLS) reported on Friday.
NonFarm Payrolls
Nonfarm Payrolls rise less than expected in January but upward revisions confirm tight conditions
US jobs report post-release checklist – February 7
US jobs report pre-release checklist – February 7
December US JOBS REPORT REVIEW
Breaking: US Nonfarm Payrolls rise by 256,000 in December vs. 160,000 expected
Nonfarm Payrolls (NFP) in the US rose by 256,000 in December, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading surpassed the market expectation of 160,000 by a wide margin.
November US JOBS REPORT REVIEW
Breaking: US Nonfarm Payrolls rise by 227,000 in November vs. 200,000 expected
Nonfarm Payrolls (NFP) in the US rose by 227,000 in November, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading came in above the market expectation of 200,000.
October US JOBS REPORT REVIEW
Breaking: Nonfarm Payrolls increase by 12,000 in October vs. 113,000 forecast
Nonfarm Payrolls (NFP) in the US rose by 12,000 in October, the US Bureau of Labor Statistics (BLS) reported on Friday. This reading followed the 223,000 increase (revised from 254,000) recorded in September and missed the market expectation of 113,000 by a wide margin.
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BIG PICTURE
The NFP report: The most important economic indicator for the US
NFP Definition
NonFarm Payrolls report measures the number of jobs added or lost in the US economy over the last month. It is released usually on the first Friday of each month, at 8:30 EST. It is published by the US Department of Labor.
This report is important because the US is the largest economy in the world and its currency (US Dollar) is the global reserve currency. The many economies peg (tie) their currency's value to the reserve currency, many commodities such as gold and oil are priced in terms of the reserve currency and the local economy's debt is priced in terms of its own currency.
The NFP report, because of its importance to the reserve currency, tends to move all markets: currencies, equities, treasuries, interest rates and also commodities. It does it so immediately after the release of the economic data and sometimes so dramatically.
US Departament of Labor
The mission of the DOL is to assure the prosperity of the wage earners, job seekers which includes more than 10 million employers and 125 million workers in the USA. 180 federal laws and several federal regulations are the key of the Departament Labor promotion of benefits and rights.
Non-Farm Payrolls: Which brokers could keep it tight?
During NFP data release, spreads first fall apart and recover slowly afterwards as market calms down.
NFP: The Fundamental Giant
The Non Farm Payrolls report is arguably one of biggest market movers in the Forex. Since the NFP report is scheduled this coming week, I thought it would be good for us to take a closer look at this fundamental giant.
To Trade...
Those who advocate trading NFP releases base their advice on a previous preparation and some fundamental research. The elaboration of some macroeconomical analysis is essential for successful trading.
This research includes averages of past headline NFP numbers, Weekly Jobless Claims, ISM Industry Data reports or other employment reports as the ADP or the Challenger. Tracking these events is fundamental on the preparation of the trades to set up just after the release. You can check all this data on FXStreet Economic Calendar: ADP Report, Initial Jobless Claims, ISM Industry Data.
... Or Not to Trade
A lot more skeptical on the benefits of trading the event, as you can read in his article “Step aside the NonFarm Payrolls release”, Adrián Aquaro, President at Trader College, says its importance has decreased a little bit lately:
“Even if the impact has diminished gradually over time, still generates huge attention on the markets and it normally drives important monthly trends. Lately another event (the Fed Monetary Policy Meetings) has been driving similar attention, thanks mainly to the Interest Rates being at 0%.”
What is a NonFarm Payrolls Forecast?
A NonFarm Payrolls Forecast is some sentiment-based piece of content that tries to predict what the NFP numbers will be and what impact will they have on the markets. In this page, you'll find some articles and tools that will help you to understand which could be the outlook for ADP Report, Unemployment Rate, Average Hourly Earnings, Labor Force Participation Rate and some other important economic indicators.
The ADP (National Employment Report) is an estimation of nonfarm employment which is based on a survey of thousands of private sector businesses. One of the biggest differences between NFP data and ADP data is the sample and methodology of the study. ADP Jobs Report could show us an anticipation of the NFP's trends. Some outlooks are mainly based on the Jobs Report, in past data and in other related job indicators like Initial/Continuing Jobless Claims.