(NFP) is a term used in the U.S. to refer to any job with the exception of farm work, unincorporatedself-employmentand employment by private households, nonprofit organizationsandthe military andintelligence agencies.
Non-Farm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is theforemost indicator of consumer spending, which accounts for the majority of economic activity.
The Non-Farm Payrollsare reported on the first Friday of the following month,with occasional exceptions, at 8:30 a.m. The data are used to assist policymakers and economists with determining the current state of the economy and predicting future levels of economic activity.
(The headline figures the change in the total number of Non-Farm Payrollcompared to the previous month is used as a gauge of economic health.)
Non-Farm Payrolls in the United States averaged 126.78 Thousand from 1939until 2018, reaching an all-time high of 1115 Thousand in September of 1983and a record low of -834 Thousand in October of 1949.