in

US Nonfarm Payrolls

Nonfarm Payrolls measures the change in the number of people employed, and it is reported monthly by the US Bureau of Labor Statistics. As mentioned in the title “nonfarm”, the number measured excludes the farming industry. Besides, unincorporated self-employment, employment by private households, nonprofit organizations, the military, intelligence agencies and proprietors are excluded as well.

Same as jobless claim, employment is an indicator for consumer spending and reflects on the overall economic activity in US. Therefore, it can be taken into account in fluctuations of US Dollars.
In simple words,
Higher than expected — bullish for US Dollars
Lower than expected — bearish for US Dollars 
Fluctuations in the US Dollars may reflect on gold and oil prices, as well as other currency pairs. 
For more reading, visit Investopedia (Nonfarm Payrolls)
To track the monthly report of US nonfarm Payrolls, visit Investing.com (US Nonfarm Payrolls)

Leave a Reply

Your email address will not be published. Required fields are marked *

Weekly Summary (31/8/18) – New High

My Unpleasant Trading Experience – Invest but not Gamble