What is the number of non-agricultural employment?
The number of non-agricultural employment is an item in the employment report, which mainly counts changes in positions other than agricultural production.
The number of non-agricultural employment mainly reflects the development and growth of the manufacturing industry and the service industry. A decrease in the number means that enterprises have reduced production and the economy has entered a depression. When the social economy is fast, consumption naturally increases, and jobs in consumer and service industries also increase. When the number of non-agricultural employment increased significantly, it indicated a healthy economic situation. Therefore, the data is an important indicator for observing the degree and status of socio-economic and financial development.
Simple understanding is the literal meaning, non-agricultural related data (employment status of positions other than agriculture), specifically, there are 3 dimensions, non-agricultural employment, employment rate and unemployment rate. Non-agricultural employment (NFP) can reflect the development and growth of the manufacturing industry and service industry. A decrease in the number means that the company will reduce production and the economy has entered a recession; on the contrary, when the NFP value increases, it means consumption and service outside agriculture. The employment situation in the industry is better, and the country’s overall economic situation is better. You can understand the employment rate and the unemployment rate as the other two expressions of NFP, both of which reflect data on the non-agricultural employment situation in the United States.
The previous value refers to the actual value we know released last month, which is a basis for forecasting this data. The expected value (forecast value) refers to the estimation of the economic development of the United States based on the economic data of the past month, and a numerical prediction of the non-agricultural data that will come later. The published value (current value) refers to the actual published value.
The predicted value can reflect the market’s expectations, and the gap between the predicted value and the published value can be used to judge the market reaction. From this, you can predict the market price trend, short or long.
When is the non-agricultural data released?
It is usually on the Friday night of the first week of each month, specifically 20:30 Beijing time (corresponding to US summer time: April to October) or 21:30 (corresponding to US winter time: November to March). The data is released from the Bureau of Labor Statistics of the US Department of Labor.