The Labour Market (or job market) is the place or system where workers (labor supply) and employers (labor demand) interact. It’s where people offer their skills and work in exchange for wages or salaries, and where employers seek to hire employees to fill job positions.
In short, the labour market is where the exchange of work for pay happens, balancing the needs of workers and employers.
What is Non-Farm Payroll (NFP)?
- Non-Farm Payroll represents the total number of paid workers in the U.S. excluding those employed in the farming sector, private households, non-profit organizations, and government employees.
- It reflects employment levels in all industries except agriculture.
Why is Non-Farm Payroll Important?
- It is released monthly by the U.S. Bureau of Labor Statistics (BLS) as part of the Employment Situation report.
- The NFP data shows how many jobs were added or lost in the economy, giving insight into economic health.
- It affects financial markets strongly because it signals labor market strength and can influence Federal Reserve monetary policy decisions.
In short
- Non-farm payment likely means non-farm payroll, which is the count of workers paid outside the farming sector.
- It’s a major indicator of employment trends and economic performance.
THE ETERNAL SOVEREIGN 