The US non-farm payrolls report is one of the most eagerly-awaited economic events worldwide – find out more below.
May's report showed that a record 20.5 million jobs were lost in April, although this was less than the 22 million forecast. This compares to 701,000 jobs lost in March.
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.
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.