The US non-farm payrolls report is one of the most eagerly-awaited economic events worldwide – find out more below.
October's report showed that 134,000 jobs were added in September, which was below the forecast 185,000. This compares to a revised 270,000 jobs added in August.
Equity markets have had a choppy week on both sides of the Atlantic, with the Dow making new record highs, while the rest of the US has underperformed. It’s been a similar story in Europe with the upside tempered by concerns about Italian politics, rising bond yields in Italy, as well as slowing economic activity.
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.