Non-farm payroll is a term used in the United States to refer to the number of jobs added or lost in the economy, excluding farm workers, private household employees, and government employees. Non-farm payroll data is released on a monthly basis by the U.S. Bureau of Labor Statistics (BLS) and is considered one of the most important economic indicators.
The non-farm payroll report provides information on the employment situation in the United States, including the number of jobs added or lost in various industries such as manufacturing, construction, retail, and healthcare. It also provides information on the average hourly earnings of workers and the average number of hours worked per week.
Investors and analysts use the non-farm payroll report to assess the overall health of the U.S. economy and to make predictions about future economic growth. A higher than expected number of jobs added is typically seen as a positive sign for the economy, while a lower than expected number is seen as negative.
Overall, the non-farm payroll report provides important insight into the current state of the U.S. labor market and is closely watched by policymakers, economists, and investors alike.