Non-farm payrolls definition

Non-farm payrolls are a monthly statistic representing how many people are employed in the US, in manufacturing, construction and goods companies. They can also be known as non-farms, or NFP. Non-farm payrolls are defined by the jobs that aren’t included: agricultural workers, and those employed in private households or non-profit organisations.

The non-farm payroll data is released by the US Bureau of Labor Statistics, and is usually delivered on the first Friday of any given month. The headline figure represents the number of jobs added or lost in the economy over a one-month period, which is then compared to previous month’s release as a measure of the economy’s health.

What is non-farm employment change?

Non-farm employment change is another term for non-farm payrolls. Because the NFP figure displays how many jobs have been added or lost in the sectors covered by the report, it is sometimes known as non-farm employment change instead of NFP.

Non-farm payrolls

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