NFP (Non-Farm Payrolls) is the monthly change in the number of paid jobs in the United States, excluding farm workers, private household employees and the self-employed. The US Bureau of Labor Statistics (BLS) publishes it monthly in its Employment Situation report, together with the unemployment rate. It is one of the most closely watched releases and can coincide with higher volatility and wider spreads.
Also called: Non-Farm Payrolls, nonfarm payrolls, payrolls, US jobs report, Employment Situation report
Hypothetical example
Hypothetically, the forecast is 150,000 new jobs, the previous figure is 120,000 and the actual figure is 180,000: 30,000 more than forecast.
