Monitor US Non-Farm Employment Change to gauge consumer spending and economic activity.
Job creation serves as a critical leading indicator of consumer spending, which constitutes a significant portion of overall economic activity. This essential economic data is released shortly after the end of each month, making its timeliness and importance capable of generating considerable market impacts.
What it Measures
This metric reflects the change in the number of employed individuals from the previous month, excluding those in the agricultural sector.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it is typically advantageous for the currency.
Source & Frequency
Bureau of Labor Statistics (latest release) - https://www.bls.gov/ • This data is published monthly, generally on the first Friday following the end of the month.
How Data is Derived
N/A
Also Known As
Non-Farm Payrolls, NFP, Employment Change
Acronym
N/A