NFP - Changes in non-farm payrolls: Department of Labor; The first Friday of each month, 8:30am EST, covers previous month data. The data intended to represent changes in the total number of paid U.S. workers of any business, excluding the following:
- general government employees;
- private household employees;
- employees of nonprofit organizations that provide assistance to individuals;
- farm employees.
The total non-farm payroll accounts for approximately 80% of the workers who produce the entire gross domestic product of the United States and is used to assist government policy makers and economists determine the current state of the economy and predict future levels of economic activity. It is a very big market mover mainly due to the high deviations in the forecasting.
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