Non-Farm Payroll, also known as NFP, is a monthly economic report released by the United States Department of Labor. It represents the total number of paid workers in the U.S. economy, excluding workers in the farming industry, government employees, private household employees, and non-profit employees. The report is closely watched by economists, investors, and policymakers as it provides valuable insights into the state of the U.S. labor market and the overall health of the economy.
The Non-Farm Payroll report is typically released on the first Friday of each month and covers data from the previous month. It includes information such as the total number of jobs added or lost, the unemployment rate, and the average hourly earnings of workers. The NFP report is considered a leading indicator of economic health, as changes in the labor market can signal broader shifts in the economy as a whole.
Many traders and investors use the Non-Farm Payroll report as a key factor in their investment decisions. A strong NFP report, for example, might be seen as a sign of economic growth and could lead to an increase in stock prices. Conversely, a weak NFP report could indicate economic weakness and result in lower stock prices. Overall, the NFP report is an important tool for understanding the current state and future direction of the U.S. economy.
Non-Farm Payroll Dates 2024
Here are the non-farm payroll release dates for 2024:
The NFP report is usually released on the first Friday of every month at 8:30 a.m. Eastern Time, with some exceptions due to holidays or other events.
- February 2nd, 2024
- March 8th, 2024
- April 5th, 2024
- May 3rd, 2024
- June 7th, 2024
- July 5th, 2024
- August 2nd, 2024
- September 6th, 2024
- October 4th, 2024
- November 1st, 2024
- December 6th, 2024
Why Trade Non-Farm Payroll?
Trading non-farm payrolls (NFP) is a popular strategy among traders and investors who are interested in the foreign exchange (Forex) market. The NFP report is released on the first Friday of every month by the U.S. Bureau of Labor Statistics and it measures the change in the number of employed people in the United States, excluding those employed in the farming industry.
The NFP report is considered a leading indicator of the health of the U.S. economy and it can have a significant impact on the value of the U.S. dollar and other currencies. When the report is better than expected, it can lead to a bullish sentiment in the market and an increase in the value of the U.S. dollar. Conversely, if the report is worse than expected, it can lead to a bearish sentiment in the market and a decrease in the value of the U.S. dollar.
Traders who trade NFP typically look to capitalize on the volatility that occurs in the market following the release of the report. This can be done by either buying or selling the U.S. dollar or other currencies, depending on the direction of the market. However, it is important to note that trading NFP can be risky and requires a significant amount of skill and experience. As with any trading strategy, it is important to do your research and practice proper risk management techniques to minimize potential losses.
