Nonfarm Payroll (NFP)
This article is about Non-Farm Payrolls. For the article on the company with ticker NFP, see National Financial Partners (NFP).
Non-Farm Payrolls refers to monthly employment survey data released by the U.S. Department of Labor Statistics at 8:30 a.m. EST on the first Friday of every month. The report estimates the total number of paid workers in the US, excluding those working in:
Together, "nonfarm" employees produce about 80% of U.S. GDP.
Increases or decreases in nonfarm payroll data are used as an indicator of U.S. economic health, as the report shows whether U.S. businesses are adding or shedding jobs.