Non-Farm Payroll (NFP) Dates 2024 | Forexing.com (2024)

FAQs

What weeks are non-farm payroll? ›

Nonfarm payrolls is an employment report released monthly, usually on the first Friday of every month, and heavily affects the US dollar, the bond market and the stock market.

The data is usually delivered on the first Friday of any given month and can create high volatility in the financial markets. Lots of analysts release their forecasts for NFP figures in advance of the actual release.

Nonfarm payroll employment rose by 275,000 in February 2024. The February increase was above the average monthly gain of 230,000 over the prior 12 months. Since February 2023, the over-the-month change in employment has ranged from 146,000 to 303,000.

The NFP report is typically released on the first Friday of each month, providing the total monthly increase or decrease in paid U.S. workers across most businesses.

The NFP is a monthly report that estimates the net number of jobs gained in the US in the previous month, excluding those in farms, private households, and non-profit organizations.

The numbers are released on the first Friday of the new month and capture employment trends from the month before. The headline payroll number is considered to be the most important but traders also look at other data in the report such as the unemployment rate, changes in wages, and any revisions to past reports.

With a few exceptions due to market holidays, non-farm payroll data hits the newswires at 8:30 a.m. Eastern Time on the first Friday of every month.

The price of gold tends to fall on the day when the Nonfarm Payroll Report comes out. In case of bad news from the labor market, the situation is reversed.

The full answer is that Bureau of Labor Statistics releases non-farm payrolls on the fourth Friday following the week containing the 12th of a given month, which in March's case will be the 10th of the month.

The nonfarm payroll is usually published on the first Friday of every month at 08:30 New York time (NFP time UK: 13:30). Traders and investors can keep track of the NFP report, as well as other important economic events, by using Admirals' Forex Calendar.

Why is it called non-farm payroll? ›

The nonfarm payroll measures the number of workers in the U.S. except those in farming, private households, proprietors, non-profit employees, and active military. The Bureau of Labor Statistics (BLS) surveys private and government entities throughout the U.S. to obtain information about their payrolls.

The most straightforward answer is that accurately counting farmers would be both too difficult and too expensive. The BLS website says the US government relies on administrative records from the Office of Unemployment Insurance to determine payroll data for its monthly job reports.

Basic Info. US Total Nonfarm Payrolls is at a current level of 158.13M, up from 157.83M last month and up from 155.21M one year ago. This is a change of 0.19% from last month and 1.89% from one year ago.

Step 1: 30 minutes before the NFP release, open the chart and find the highest high and the lowest low for the last four hours. Step 2: Place two pending orders on both sides: a buy pending order at least 5-10 pips above the highest high and a sell pending order 5-10 pips below the lowest low in that range.

U.S. monthly average working week of all employees 2022-2024

In March 2024, the average working week for all employees on private nonfarm payrolls in the United States was at 34.4 hours. This includes part-time workers. The data have been seasonally adjusted.

The nonfarm payroll measures the number of workers in the U.S. except those in farming, private households, proprietors, non-profit employees, and active military. The Bureau of Labor Statistics (BLS) surveys private and government entities throughout the U.S. to obtain information about their payrolls.

The most straightforward answer is that accurately counting farmers would be both too difficult and too expensive. The BLS website says the US government relies on administrative records from the Office of Unemployment Insurance to determine payroll data for its monthly job reports.