Nfp ir1/13/2024 ![]() ![]() That number is meant to represent the number of jobs added or lost in the economy over the last month, not including jobs relating to the farming industry. The figure released is the change in nonfarm payrolls (NFP), compared to the previous month, and is usually between +10,000 and +250,000 during non-recessional times. Nonfarm payroll is included in the monthly Employment Situation or informally the jobs report and affects the US dollar, the Foreign exchange market, the bond market, and the stock market. Eastern Time typically this date occurs on the first Friday of the month. ![]() The Bureau of Labor Statistics releases preliminary data on the third Friday after the conclusion of the reference week, i.e., the week which includes the 12th of the month, at 8:30 a.m. Historical price movement data shows a small negative correlation between the NFP data and the US dollar Index. The short-term market moves indicate that there is a very strong correlation between the NFP data and the strength of the US dollar. The markets react very quickly and most of the time in a very volatile fashion around the time the NFP data is released. The financial assets most affected by the nonfarm payroll (NFP) data include the US dollar, equities and gold. It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market. It does not include farm workers, private household employees, or non-profit organization employees. ![]() Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. ![]()
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