Non-Farm Payrolls (NFP)
Non-Farm Payrolls (NFP) is a term used to describe the number of jobs added or lost in the United States during a given month. It is a key economic indicator that is closely watched by investors, economists, and policy makers. The NFP report is released by the Bureau of Labor Statistics (BLS) on the first Friday of every month and is considered to be one of the most important economic indicators. The report includes data on the number of jobs added or lost in the private sector, as well as the number of jobs added or lost in the government sector.
History of Non-Farm Payrolls
The term Non-Farm Payrolls was first used in the early 20th century to describe the number of jobs added or lost in the United States. The term was used to distinguish between the number of jobs added or lost in the agricultural sector and the number of jobs added or lost in the non-agricultural sector. The BLS began releasing the NFP report in 1939 and it has since become one of the most closely watched economic indicators.
Comparison of Non-Farm Payrolls
| Month | Non-Farm Payrolls (NFP) |
|---|---|
| January | +200,000 |
| February | +150,000 |
| March | +250,000 |
| April | +300,000 |
Summary
Non-Farm Payrolls (NFP) is an important economic indicator that is released by the Bureau of Labor Statistics (BLS) on the first Friday of every month. It is used to measure the number of jobs added or lost in the United States during a given month. The NFP report is closely watched by investors, economists, and policy makers as it provides insight into the health of the economy. For more information about Non-Farm Payrolls, you can visit the BLS website or other financial websites such as Investopedia.
See Also
- Unemployment Rate
- Gross Domestic Product (GDP)
- Consumer Price Index (CPI)
- Retail Sales
- Industrial Production
- Housing Starts
- Consumer Confidence Index
- Durable Goods Orders
- Manufacturing Index
- Employment Cost Index
