The US Non-Farm Payroll data refers to three values: non-agricultural employment numbers, employment rate, and unemployment rate, categorized into previous value, expected value, and released value. These data reflect the employment situation of the non-agricultural population in the United States and are important indicators for observing the level and status of socio-economic and financial development in the US. Non-farm data is usually released on the first Friday of each month at 20:30 Beijing time (Daylight Saving Time: April - October) and at 21:30 (Standard Time: November - March), with data sourced from the US Department of Labor's Bureau of Labor Statistics.

Latest Non-Farm Data

According to the latest search results, the US non-farm employment number for December is expected to grow by 165,000, which is lower than November's 227,000, raising concerns about the continued gradual slowdown of the labor market. Economists expect the new non-farm employment number for December to be between 100,000 and 268,000; if the report meets the median estimate, it would mean the US has added 2.1 million jobs in total for 2024. This would be lower than 3 million in 2023 but higher than 2 million in 2019. Regarding the unemployment rate, economists expect the unemployment rate for December to be 4.2%, unchanged from November but higher than the 3.7% at the beginning of the year.

Impact of Non-Farm Data

Non-farm data objectively reflects the rise and fall of the US economy. In exchange rates, the US dollar is extremely sensitive to this data; if it is higher than expected, it is positive for the dollar, and if lower than expected, it is negative for the dollar. Additionally, non-farm data will also affect markets such as foreign exchange, precious metals, crude oil, and commodities.