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#NonfarmPayrollsPreview: What Traders & Investors Are Watching
The highly anticipated U.S. Nonfarm Payrolls (NFP) report is just around the corner. Released monthly by the Bureau of Labor Statistics (BLS), this report is one of the most closely watched economic indicators, as it provides a snapshot of the health of the U.S. labor market.
Here’s what to know before the release:
1️⃣ Key Metrics
Nonfarm Payrolls (NFP): Measures the net change in employment across all sectors except farming, government, and private household employees. Strong job growth signals economic strength, while weaker n