US Non-Farm Payrolls (NFP) measures the net change in employment outside the farming sector for the prior month. It is published on the first Friday of each month by the Bureau of Labor Statistics and is the most market-moving US data release.
Why FX traders watch it
NFP is the key input to the Federal Reserve's employment mandate. A strong payroll print keeps the Fed on hold or signals further tightening, driving USD strength. A miss can rapidly reprice rate-cut expectations and weaken the dollar.
How to interpret the data
Payroll additions above consensus are USD-positive. Markets also watch the unemployment rate revision and average hourly earnings released in the same report—together they paint the full picture of labour market health.
Optional upper bound. Defaults to the current date.
api_key
CONDITIONAL
string
Required for non-USD announcement requests. USD announcement requests are public without an API key.
Example Usage
To retrieve လယ်ယာမဟုတ်သောအလုပ်သမားစာရင်း (NFP) data for USD from 2023:
GET https://fxmacrodata.com/api/v1/announcements/usd/non_farm_payrolls?start_date=2023-01-01&end_date=2023-12-31
Frequently Asked Questions
What consensus does the market use for NFP?
Bloomberg and Reuters surveys gather estimates from major banks and economists ahead of the release. Deviations of more than 50,000 from consensus typically generate outsized USD moves.
Is the previous NFP figure revised at the same time?
Yes. The BLS typically revises the prior two months' figures, and large negative revisions can offset an initially strong headline print.