Non-Farm Payrolls (NFP)

Non-Farm Payrolls is a monthly US government report estimating the number of jobs added or lost across the economy, excluding farm workers, private household employees, and a few other categories. It's released on the first Friday of most months and is one of the single most market-moving data releases in forex. NFP surprises can cause outsized, fast moves and wider spreads across USD pairs within seconds of release, making it a textbook example of a high-impact news event traders often avoid holding exposed positions through.