Non-Farm Payrolls (NFP) — FX Impact, Latest News & FAQ
Non-Farm Payrolls (NFP) is the headline figure from the US Bureau of Labor Statistics monthly Employment Situation Report, covering jobs added or lost in the US economy excluding farm workers. NFP is released at 12:30 UTC on the first Frida…
About Non-Farm Payrolls
Non-Farm Payrolls (NFP) is the headline figure from the US Bureau of Labor Statistics monthly Employment Situation Report, covering jobs added or lost in the US economy excluding farm workers. NFP is released at 12:30 UTC on the first Friday of each month and is consistently one of the highest-volatility scheduled events in global FX. A 100k-job surprise versus consensus typically moves EUR/USD 60-120 pips and USD/JPY 80-150 pips within minutes. Markets watch the headline number, the unemployment rate, and average hourly earnings (a leading indicator for inflation) — all three components matter for the Fed's reaction function. NewFXT covers every NFP release with live quote impact, AI commentary and calendar context.
Most affected FX pairs
NFP FAQ
What is NFP?
Non-Farm Payrolls is the count of US jobs added or lost in the previous month, excluding farm workers, government employees, private household employees and non-profit-organisation employees.
When is NFP released?
NFP is part of the monthly Employment Situation Report released by the Bureau of Labor Statistics at 12:30 UTC on the first Friday of each month.
Why does NFP move FX so much?
NFP is the most timely and broad indicator of US labour-market health, which directly shapes Fed policy expectations. Surprises versus consensus produce some of the largest scheduled FX moves of the month.
What other data is in the NFP release?
The same release includes the unemployment rate, the labour-force participation rate and average hourly earnings. Average hourly earnings — a wage-inflation indicator — has become increasingly important relative to the headline jobs figure.