NFP (Non-Farm Payrolls)

Trader's Glossary · Macro

Definition. The monthly report on the change in US non-farm employment, published by the Bureau of Labor Statistics. One of the most closely watched releases.

How it works

The report is usually released on the first Friday of the month at 8:30 AM New York time (14:30 in Warsaw). Besides the number of new jobs, the market looks at the unemployment rate, wages and revisions to previous months.

Example

The first reaction to the headline number is often quickly corrected once the market has digested the revisions and wage growth.

What to watch out for

High volatility and slippage risk at the moment of release. The market reacts to the surprise versus expectations.

See also

CPI (consumer price index), FOMC (Fed decision), Volatility.

Release time, upcoming dates and how the Dow Jones reacted to the 8 reports in 2026: NFP: the US jobs report and how the Dow Jones reacts.

More in Hetman Capital Club

You'll find the full explanation with graphics, examples and exercises in the 📖 Order flow encyclopedia space, and its use in the live market in the 🔴 Live Room. Both are available to Club members (in Polish).

Educational content, not investment advice.