All About NonFarm Payrolls And How To Trade It
NonFarm Payrolls is the most important economic news event for the US market. The U.S. Nonfarm Payrolls and Unemployment Rate, or NFP for short, comes out the first Friday of each month at 7:30 am EST. Besides FOMC announcements, NFP is one of the most volatile economic news trading events of the month. The NFP is released by the U.S. Department of Labor on the first Friday of each month, outlining changes in the number of employees, excluding farm workers and those employed by the government, non-profit organizations and private households. The NFP release, per market consensus, is expected…