The Nonfarm Payrolls report, also known as NFP, is one of the most important economic indicators in the financial world. It is released once a month by the United States Department of Labor and measures the number of jobs added or lost in the economy, excluding farm workers, government employees, and nonprofit staff.
Why does this matter so much? 🤔 Because the NFP gives a clear picture of the health of the US labor market. A strong report usually signals a growing economy, while a weak report can raise concerns about slowing growth. Traders, investors, and policymakers pay close attention to