#NFPCryptoImpact What is Nonfarm Payrolls (NFP)?

• Definition: The NFP is a monthly report from the U.S. Bureau of Labor Statistics that shows how many jobs were added or lost in nonfarm sectors (excluding agriculture and government employment).

• Purpose: The report provides detailed information about the U.S. labor market and the overall economic health.

Key Features:

• Data Coverage: Employment data in sectors such as manufacturing, healthcare, retail, and finance. The report also shows average hours worked, hourly wages, and the unemployment rate.

• Schedule: Released on the first Friday of each month, including the previous month.

• Market Impact:

• Strong job growth = positive economic signals (can boost stock prices and the U.S. dollar).

• Weak job growth = negative economic signals (can lower stock prices and the dollar).

• Volatility: The release of NFP often causes sharp price changes in financial markets, creating trading opportunities.

How does NFP affect cryptocurrency?