#NFPCryptoImpact

What is Nonfarm Payrolls (NFP)?

• Definition: NFP is a monthly report from the U.S. Bureau of Labor Statistics that shows how many jobs were added or lost in nonfarm sectors (excluding agriculture and government jobs).

• Purpose: It provides insight into the U.S. labor market and overall economic health.

Key Features:

• Data Coverage: Includes job data in sectors such as manufacturing, healthcare, retail, and finance. It also shows average hours worked, hourly wages, and the unemployment rate.

• Timeline: Released on the first Friday of each month, covering the previous month.

• Market Impact:

• Strong job growth = Positive economic signal (can boost stock prices and the U.S. dollar).

• Weak job growth = Negative economic signal (can lower stock prices and the dollar).

• Volatility: NFP releases often cause sharp price changes in financial markets, creating trading opportunities.

How does NFP affect cryptocurrency?