Non-Farm Employment Change refers to the net change in the number of people employed in the United States, excluding agricultural workers. This economic indicator is often reported in economic data releases, such as the Non-Farm Payrolls (NFP) report by the U.S. Bureau of Labor Statistics (BLS).
Non-Farm Employment Change measures the difference in the total number of workers employed in non-agricultural sectors from one reporting period to another. It includes workers in various industries like manufacturing, construction, services, and more but excludes jobs in the agricultural sector and related fields.
Investors, economists, and policymakers closely monitor Non-Farm Employment Change because it provides valuable insights into the health and performance of the U.S. labor market. Positive changes indicate job growth, which is generally seen as a positive sign for the economy, while negative changes suggest job losses and can be an indicator of economic challenges.
This data is often used to analyze employment trends, assess the overall economic strength, and guide decisions related to monetary policy and financial markets. Non-Farm Employment Change is a crucial component of the overall employment situation in the United States and plays a significant role in shaping economic forecasts and policy decisions.