Non-Farm Payrolls (NFP)
Non-Farm Payrolls (NFP)
Measures the volume of newly held positions reported in the last month (excluding employment in the agricultural sphere). Payroll is a sheet of paper used to give wages for workers. This indicator is very strong and directly displays the change of the unemployment rate in a country. It often moves the market as its decrease leads to a rise in GDP and the national currency rate. There is even one empirical rule: an increase in the NFP value of 200000 units per month means the GDP will rise by 3%.
The minimal change required for making trade decisions is 40000 and greater changes (of 150000 – 300000) usually provoke very strong movements in the Forex market. This indicator is released on the first Friday of every month at 08:30 EST (New York).
