What is non-farm payrolls?
The non-farm payrolls report is an important economic data from the United States. It is updated every month and is highly watched by traders around the world. Its importance lies in the fact that it can show the employment growth in the United States.
Traders will analyze the changes in past non-farm payrolls data and compare the actual data with the estimated median and upper and lower limits to understand and predict the unemployment rate and employment situation in the United States.
Therefore, the non-farm payrolls report is regarded as an important means to observe and evaluate the health of the US economy. If you are concerned about investment or economic conditions, it is very important to understand the meaning of the non-farm payrolls report.
