#USNonFarmPayrollReport

The Nonfarm Payroll Report, published monthly by the U.S. Bureau of Labor Statistics (BLS), measures the change in the number of people employed during the previous month—excluding certain groups such as farmworkers, private household employees, nonprofit staff, unincorporated self-employed individuals, and active military personnel.

It covers approximately 80% of the U.S. workforce contributing to GDP and is drawn from two main surveys:

The Establishment Survey, gauging payrolls, hours, and wages across businesses and government entities.

The Household Survey, providing data on unemployment rates, labor force participation, and demographic breakdowns.

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Key Elements and Why They Matter

The report offers much more than the headline job growth figure:

Jobs Added (or Lost): The primary statistic that shows economic momentum.

Unemployment Rate: From the household survey, representing those actively seeking work.

Average Hourly Earnings: Wage growth that can signal inflation dynamics.

Sector Breakdown: Reveals which industries are expanding or contracting.

Revisions to Prior Reports: Subsequent adjustments can significantly reshape narrative and forecasts.

Market responses often depend on how actual figures compare to expectations—e.g., stronger-than-expected gains can boost the U.S. dollar and equities, while weaker readings may prompt dovish policy bets.

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Release Schedule & Market Impact

Timing: Released on the first Friday of each month at 8:30 a.m. ET, covering the prior month’s data.

Market Volatility: These reports often trigger sharp movements in U.S. indices, forex (especially USD), gold, and Treasuries.

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Latest Developments (As of Early September 2025)

July 2025 Jobs Report (released August 1)

Jobs Added: +73,000—far below expectations (~100,000).

Unemployment Rate: Held steady at 4.2%.

Sector Highlights:

Health care: +55,000 jobs.

Social assistance: +18,000.

Federal government: −12,000, marking a broader decline.