What is Non-Farm Payroll (NFP)?

Upcoming Non-Farm Payroll dates:

The Bureau of Labor statistics normally releases the NFP data on the first Friday of every month at 8:30 AM ET, which is 13:30pm UK time.

You can keep track of upcoming Non-Farm Payroll releases, along with other important events using ourfree Forex calendar.

NFP Month (release month)

NFP Day (release day)

Time GMT London (winter time)

Time EDT (or eastern time (EST) New York Time)

Time JST or GMT +9 (Tokyo time)

NFP Schedule 2021

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Full economic calendar

What is Non-Farm Payroll (NFP)?

The Non-Farm Payroll report, or NFP, is one of the most important Forex events each month and a key economic indicator for the US economy.

The NFP report measures the number of jobs created in the United States during the previous month and shows the current unemployment rate. This number excludes the farming industry, government and non-profit employees.

The NFP report generally causes large movements in the markets such as currencies, equities, treasuries, interest rates and also commodities.

Why is NFP important for traders?

As you already know, jobs are the lifeblood of any economy and if people are working, wages are rising, and therefore workers are confident to spend more money and that fuels the broader economy. The NFP report provides an overview of the core fundamental conditions that drive the economy of the United States.

Given the fact that many economies around the world do business with the US, and make profits thanks to their American customers, the NFP report also has an influence on many world markets, and generates a lot of speculation among traders worldwide.

Currency pairs affected by NFP

The NFP economic data is an indicator of American employment, so the currency pairs affected by the NFP data release the most are the major currencies traded against the US Dollar (USD). These include:

Major pairs

Major pairs include: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD.