What does NFP stand for?
The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. It represents the number of jobs added, excluding farm employees, government employees, private household employees and employees of nonprofit organizations.
- Non-Farm Payrolls (NFP) releases create volatility in the forex market.
- NFP measures net changes in employment jobs.
- Forex traders use an economic calendar to prepare for NFP releases.