#Nonfarm Payrolls Incoming

Nonfarm payrolls (NFP) is one of the most important economic indicators released monthly by the U.S. Bureau of Labor Statistics. It measures the total number of paid workers in the U.S., excluding farm employees, private household workers, and employees of non-profit organizations. Investors and policymakers closely watch NFP data because it provides insights into the strength of the labor market, wage growth, and overall economic activity. A strong NFP report usually signals economic growth and can push the Federal Reserve toward tighter monetary policy, often strengthening the U.S. dollar. Conversely, weak results may indicate slowing growth and influence markets negatively.