Time: 12:30 pm GMT, Morocco time: 2:30 hours, Egypt time: 3:30 hours, Saudi time: 4:30 hours, Emirates time: 5:30 hours
Previous: 165K Expected: 182K Actual: 272K
Non-Farm Employment Change Index?
Non-Farm Employment Change. It is an economic indicator released monthly in the United States of America by the US Department of Labor. The index measures the number of non-agricultural jobs created in the US during the previous month. The Non-Farm Employment Change is an important indicator because it reflects the health of the US economy, trends in economic growth, and the level of unemployment. The index is widely used as an indicator of economic growth and changes in the labor market, helps in analyzing economic performance and global market expectations, and helps in making important financial and investment decisions.
The data necessary to issue the Non-Farm Employment Change index is collected by surveying a random sample of companies and institutions in the United States of America, which represent the various non-agricultural sectors of the US economy. This data is analyzed to determine the number of non-agricultural jobs created in the previous month.
If the monthly release of the Nonfarm Payrolls Index is higher than expected, it means that the number of jobs created in the non-farm sectors in the US increased more than expected. This is a positive sign for the US economy, as it indicates improved economic growth and stability in the labor market. Thus, this can lead to an increase in confidence in the economy and stimulate investments and business.
The impact of the Non-Farm Employment Change on the US dollar in Forex?
The Non-Farm Employment Change is one of the most important economic indicators in the United States of America, and is a leading indicator of the performance of the US economy and labor market. Therefore, the release of the index greatly affects the trading of the US dollar in the forex market.
When the Non-Farm Employment Change indicator is released with a value higher than expected, this indicates that the US economy is recovering and thriving, so the US dollar will become more attractive to investors. This causes the US dollar to rise in value against other currencies in the forex market, and thus can increase US dollar trades.
In addition, the trading of the US dollar in the forex market is also affected by market expectations and other economic data released by the United States of America and other countries. Therefore, it is advised to follow the NFP index, news and other economic developments to analyze their impact on the trading of the US dollar in the forex market.
Non-Farm Employment Change index
The agency responsible for issuing the Non-Farm Employment Change is the US Department of Labor. The ministry issues a monthly jobs report containing Non-Farm Employment Change data, which is released on the first Friday of each month.
The date of the US Non-Farm Employment Change index
Released monthly, usually on the first Friday after the month ends
Next release
Jul 5, 2024
