Published Data for Previous Months:
| Month | NFP Change (Thousand) | Unemployment Rate (%) |
|---|---|---|
| September 2024 | 254K | 4.1% |
| August 2024 | 142K | 4.2% |
| July 2024 | 114K | 4.3% |
| June 2024 | 206K | 4.1% |
| May 2024 | 272K | 4.0% |
| April 2024 | 175K | 3.9% |
| March 2024 | 303K | 3.8% |
| February 2024 | 275K | 3.9% |
| January 2024 | 353K | 3.7% |
| December 2023 | 216K | 3.7% |
Non-farm payroll data is considered one of the key economic indicators for assessing economic health and the overall state of the labor market. This data reflects the change in the number of employees in all economic sectors excluding the agricultural sector and is typically released by the U.S. Department of Labor on the first Friday of each month.
Non-farm payroll data is usually evaluated alongside the unemployment rate and hourly earnings. This trio of data sets is analyzed together to provide a clearer view of the overall health of the economy.
Additionally, there is the ADP National Employment Report, which is released on the first Wednesday of each month. This report is an important economic indicator showing the monthly changes in private sector employment in the U.S. It is considered a leading indicator for non-farm payroll data. According to the ADP report released in October 2024, the U.S. private sector created 233,000 new jobs. This figure significantly exceeded the expectation of 110,000, indicating that the U.S. labor market is stronger than anticipated.
Although the ADP data is considered a leading indicator for non-farm payroll data, there is no direct correlation between the two. However, when ADP data exceeds expectations, it can create positive market sentiment, suggesting that the official non-farm payroll data might also come in strong.
Only a few minutes remain before the release of the Non-Farm Payroll data, which is expected to be announced at 106K. Remember to stay updated and secure your open positions with “Take Profit” and “Stop Loss” orders.
Wishing everyone a prosperous day in the markets.
“This research report and the investment information and comments included herein do not constitute investment advice.”
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