Nonfarm payroll figures give economists an idea of how strong the labour market is. Non-farm payrolls are important for day traders because they act as a catalyst for volatility. As one of the most anticipated news announcements, the NFP has the potential to cause market volatility in either direction.
NFP is a monthly report that shows how many people are employed in manufacturing, construction, and goods companies in the United States.
It is a key economic indicator related to employment in the United States.
NFP is an abbreviation for Non-Farm Payrolls, which is a component of the Employment Situation report published by the Bureau of Labor Statistics, an agency of the United States Department of Labor (DOL).