Manage Watchlist
Watchlist Name:
Add Symbol:
 
Manage All Watchlists
Symbol 1
Close
Save to ...
New Watchlist Manage All Watchlists
Watch List 1
Close
Manage All Watchlists
Order Symbols By:
Most Recent Alphabetical
New Watchlist
Watch List 1
Close
Symbol Search
Symbol
Description
All sources
Sources
Simply start typing while on the chart to pull up this search box
United States USD

United States Non Farm Payrolls Annual Revision

Impact:
High

Latest Release:

Date:
Actual:
-818K
Forecast:
Previous/Revision:
-187K
Period: Mar
What Does It Measure?
The United States Non-Farm Payrolls (NFP) Annual Revision measures the total number of paid workers in the U.S. economy, excluding farm workers, government employees, and a few other job categories, focusing primarily on employment trends. It assesses job growth or contraction, wage growth, and overall labor market health, serving as a critical indicator of economic activity and stability.
Frequency
The NFP Annual Revision is typically released on the first Friday of each month, with the annual revision occurring in February, providing final adjustments to the previous year's data based on more comprehensive information.
Why Do Traders Care?
Traders closely monitor the NFP report because it significantly influences perceptions of economic strength and can impact monetary policy decisions made by the Federal Reserve. Strong employment numbers tend to bolster the U.S. dollar and equities, while disappointing figures can drive bearish sentiment across financial markets.
What Is It Derived From?
The NFP data is derived from a survey of businesses, which collects information on the number of jobs added or lost during the month. This report includes a substantial sample size and applies statistical techniques to estimate overall employment numbers across various sectors, thus ensuring accuracy and reliability in labor market assessment.
Description
The annual revision reflects adjustments made to the previous year’s payroll data based on comprehensive statistical analysis and additional reporting information that was not available during the initial releases. Preliminary figures may show fluctuations as new data comes in, highlighting the dynamic nature of employment conditions, while final figures provide a more stable and accurate measure for economic analysts.
Additional Notes
The NFP is typically considered a coincident economic indicator, reflecting current employment conditions that align closely with economic performance. Its changes can offer insights into broader economic trends, such as consumer spending and inflation, further impacting various sectors and regional economies.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks. Dovish tone: Signaling lower interest rates or economic support, is usually good for the USD but bad for Stocks due to cheaper borrowing costs.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Aug 21, 2024
-818K
-187K