Nonfarm Payrolls
The Nonfarm Payrolls report is one of the most anticipated items on the trading calendar, both in the U.S. and abroad.
It is published by the U.S. Bureau of Labor of Statistics and represents the monthly change in the total number of paid U.S. employees, excluding the following categories:
- Farm employees
- General government employees
- Private household employees
- Employees of NPOs assisting individuals
It is estimated that workers on the Nonfarm Payrolls account for roughly 80% of GDP in the U.S.
Trading Nonfarm payrolls with Binary Options
A typical Nonfarm Payrolls Binary Option contract may be: Nonfarm Payrolls >= 150000
If you believe the change will be greater than or equal to 150,000, you Buy this Binary Option.
If you believe the new target rate will be less than 150,000, you Sell this Binary Option.
More about Nonfarm Payrolls
The Nonfarm Payrolls are typically reported on the first Friday of every calendar month at 8:30am ET. They give a clear indication of the health of the U.S. economy, and can affect the dollar and in turn the forex market and equities.
The full report breaks the figure down by industry, sector and sub-sector, but it’s the overall monthly change that has the greatest impact on markets. The report also includes estimates on the average weekly earnings and the average work week of nonfarm employees.
Trading on Nonfarm Payrolls
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