Posts tagged ‘Impact and Importance of non farm payrolls.’

Non-Farm Pay roll – US

This indicator acknowledges total number of jobs added, employees added/retrenched from Govt. /Private Institutions, average earnings per hour, and unemployment rate. The total non-farm payroll covers approximately 80% of the workers contributing gross domestic product of the United States and is used to assist government policy makers and economists determine the current state of the economy and predict future levels of economic activity. Higher numbers signifies expanding economy hence more consumption. Commodity traders closely eye this release. Higher than expected number pushes commodities up specially gold and crude sighting escalating economic growth.  Initial figures are provisional which are later revised. Monthly data is announced first Friday in preceding month. For e.g. Oct 2012 Nonfarm payrolls is declared on 2nd Nov 2012.

Refer latest Non-Farm Press Release

Data can be found here

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