Discover what the non-farm payrolls report is, when it’s next released and how the announcement influences financial markets.
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Discover what the non-farm payrolls report is, when it’s next released and how the announcement influences financial markets.
Start trading today. Call +65 6390 5133 between 9am and 6pm (SGT) on weekdays or email accountopening@ig.com.sg for account opening enquiries.
Contact us: +65 6390 5133
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.
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The data release is usually on the first Friday of every month at 8:30am New York time, which is 1:30pm UK time.
Reference month | Date | Time (GMT) |
---|---|---|
January 2023 | 6 January 2023 | 12:30pm |
February 2023 | 3 February 2023 | 12:30pm |
March 2023 | 3 March 2023 | 12:30pm |
April 2023 | 7 April 2023 | 12:30pm |
May 2023 | 5 May 2023 | 12:30pm |
June 2023 | 2 June 2023 | 12:30pm |
July 2023 | 7 July 2023 | 12:30pm |
August 2023 | 4 August 2023 | 12:30pm |
September 2023 | 1 September 2023 | 12:30pm |
October 2023 | 6 October 2023 | 12:30pm |
November 2023 | 3 November 2023 | 12:30pm |
December 2023 | 1 December 2023 | 12:30pm |
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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.
The overall number of jobs added or subtracted is an indicator of the health of the economy as a whole, and are part of the Federal Reserve’s mandate on employment – so the FOMC will pay attention to NFP figures when deciding whether to raise or lower rates.
For example, a high number of jobs can be taken as a sign of inflationary pressures, which may lead to an interest rate hike. A fall in the number, meanwhile, may indicate a declining economy, increasing the chances of a rate cut.
Interest rates have a major part to play in the movements of forex, stocks and commodities, so the non-farms report can reverberate across global markets in a big way. Find out more about how to trade NFP.
While you’ll usually see the headline NFP number used in reports, there are plenty of other components that can be just as important to follow. Here’s a quick rundown of what else to watch out for:
Trading non-farms payrolls can present the opportunity for increased profits on a variety of markets, but the announcement can cause volatility, increasing risk.
Prior to the release, economists will attempt to predict what the headline NFP number will be, usually arriving at a consensus estimate. The market fallout from the release can then be magnified depending on the closeness of the estimate to the actual figure.
Some of the markets that are likely to be most affected are:
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1 Based on revenue (published financial statements, October 2022)
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