NFP (Non-Farm Payrolls)

Updated 2026-09-20

Definition

The monthly US employment report (jobs excluding farm work), released on the first Friday of the month.

Why it matters

It's one of the most watched data points: it moves the dollar, gold and indices with strong volatility, wider spreads and quick reversals in the minutes around the release.

Practical example

Forecast +180,000 jobs, actual +250,000: the dollar tends to rise and gold to fall.

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Educational content, not financial advice. Trading involves risk.