What Is Non-Farm Payrolls?
Non-Farm Payrolls (NFP) is all about the number of jobs that the United States of America creates on a monthly basis. The stats are compared to the previous month and are released every first Friday of the month. There’s more to these stats though as we also have to look at the quality of jobs that were created. Those stats exclude the farming industry, hence it is called the non-farm payrolls. The first one was released at 3:30pm S.A time.
Why Is Non-Farm Payrolls Important?
Creation of jobs is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. When more jobs are created, it is regarded as good for U.S dollar and if job creation declines, it is viewed as bad for the U.S dollar. But as mentioned above, there’s more to these stats than just figures. I am a big fan of planning ahead, it makes my trading life so much easier and organized. Below is the annual dates for 2021 non-farm payrolls dates. Save the dates and be organized. Kindly share this post with anyone who may need. Thank you for stopping by. Happy trading.
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