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NEXT RELEASE: 8 March 2024
The US non-farm payrolls print is one of the most eagerly awaited economic data points worldwide – find out more below.
The US economy added 353,000 jobs in January, far outstripping expectations for 180,000 new payrolls and marking an increase on the December figure of 333,000, which was upwardly revised from an initial estimate of 216,000. The unemployment rate stayed at 3.7%.
What are the non-farm payrolls?
The US non-farm payrolls is an official statistic released by the US Department of Labor, usually on the first Friday of every month. The non-farm payrolls measure the number of people currently in employment in the US and are released along with the US unemployment rate. Both are important yardsticks used by traders and analysts alike to get an insight into the health of the US economy. Specifically, the non-farm payrolls measure the number of people in employment in all businesses across the country, excluding agricultural, local government, private household and not-for-profit sectors.
Trading the non-farm payrolls
Learn about some of the potential trading strategies for non-farms announcement, and view some of the other economic indicators which could move the markets.
Stay up-to-date with the latest non-farm payrolls news and analysis and its affect on the markets, from our global market analysts team.