The US non-farm payrolls report is one of the most eagerly-awaited economic events worldwide – find out more below.
July's report showed that a record 4.8m jobs were added in June, above the forecast 3.6m jobs. This compares to a revised 2.69m jobs added in May.
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.
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