The US non-farm payrolls report is one of the most eagerly-awaited economic events worldwide – find out more below.
December's report showed that 155,000 jobs were added in November, which was well below the forecast 200,000. This compares to a revised 237,000 jobs added in October.
Having seen US markets tumble sharply in the past few weeks you’d be forgiven for thinking that the US economy was on the brink of slowing down quite sharply. This might be something to worry about if the data supported that assertion, but on the evidence so far, the facts don’t support that line of reasoning, at least not yet anyway.
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.