What are nonfarm payrolls and how do they affect markets? - Bybit

Quickly grasp the article's content and gauge market sentiment in just 30 seconds! Nonfarm payrolls (NFP) are a headline measure of monthly employment change in the United States. The release can move interest-rate expectations, the dollar, bonds, stocks, gold, and crypto because labor conditions influence growth, inflation, and Federal Reserve policy. The market response depends on the full report and what traders expected. Payrolls, unemployment, participation, wages, hours, and prior-month revisions can point in different directions. NFP estimates the monthly change in US payroll jobs outside excluded categories such as farm employment and private households.