Non Farm Payroll Dates 2022
The non-farms payroll report (NFP) is the monthly release of data on the 80% of the US workforce employed in manufacturing, construction and goods. As the name suggests, it does not include those who work on farms, and also excludes private households, non-profit workers and government employees. The non-farm payroll release gives an invaluable insight into the state of the world’s biggest economy, showing how US business is performing and offering an indication of where the Federal Reserve might take interest rates in the near future.
Discover what the non-farm payrolls report is, when it’s next released and how the announcement influences financial markets.
Non-Farm payrolls components
- The unemployment rate as a percentage of the overall workforce. This figure is closely watched, as the unemployment rate can influence the Federal Reserve’s assessment of the US economy
- Which sectors the increases and decreases in jobs came from. This gives traders information on which sectors of the economy are up or down, which can be useful in planning future trades
- Average hourly earnings. If there are the same number of jobs, but the average earnings have decreased, the effect is the same as if people had been subtracted from the workforce
- Revisions to previous non-farm payroll releases. This is an important component that can move markets suddenly as traders re-price their growth expectations based on the revisions to previous announcements
