Non Farm Payrolls (NFP) represents the total number of paid U.S. workers in any business, excluding farm workers, government employees, and private household employees. It is widely considered the most important monthly economic indicator, as it provides a timely snapshot of the health of the US labor market. Significant growth in payrolls indicates economic expansion and increased consumer spending power. Conversely, weak NFP data can signal an impending recession and influence the Federal Reserve's decisions on interest rates.
Based on the Establishment Survey conducted by the Bureau of Labor Statistics (BLS). It collects data from approximately 122,000 businesses and government agencies, representing approximately 666,000 individual worksites.
