{"id":13303,"date":"2026-08-18T06:26:07","date_gmt":"2026-08-18T06:26:07","guid":{"rendered":"https:\/\/backcom.io\/?p=13303"},"modified":"2026-08-18T06:26:10","modified_gmt":"2026-08-18T06:26:10","slug":"what-is-nonfarm-payrolls-how-to-read-nfp","status":"publish","type":"post","link":"https:\/\/backcom.io\/en\/what-is-nonfarm-payrolls-how-to-read-nfp","title":{"rendered":"What Is Nonfarm Payrolls? How to Read the US NFP Report"},"content":{"rendered":"\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-top\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;13303&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;top&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;What Is Nonfarm Payrolls? How to Read the US NFP Report&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">Rate this post<\/span>\n    <\/div>\n    <\/div>\n\n<p class=\"wp-block-paragraph\"><strong>What is Nonfarm?<\/strong> <strong>Nonfarm Payrolls (NFP)<\/strong> \u2014 the US non-farm payrolls report \u2014 is the key employment release published every month by the U.S. Bureau of Labor Statistics (BLS).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">NFP data shows how many non-farm jobs the US economy added or lost, which lets the market judge the health of the US economy and what to expect from Fed policy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this article you will learn:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>What NFP is and which figures it contains.<\/li>\n\n\n\n<li>How to read Actual \u2013 Forecast \u2013 Previous.<\/li>\n\n\n\n<li>The 2026 Nonfarm Payrolls release calendar.<\/li>\n\n\n\n<li>How NFP affects the USD, gold and forex.<\/li>\n\n\n\n<li>How traders follow and trade the Nonfarm release.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">What Is Nonfarm? A Definition of the US Non-Farm Payrolls Report<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/definition-of-us-nonfarm-payrolls-1024x576.png\" alt=\"Definition and meaning of the US Nonfarm Payrolls report\" class=\"wp-image-13307\" srcset=\"https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/definition-of-us-nonfarm-payrolls-1024x576.png 1024w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/definition-of-us-nonfarm-payrolls-300x169.png 300w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/definition-of-us-nonfarm-payrolls-768x432.png 768w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/definition-of-us-nonfarm-payrolls-1536x864.png 1536w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/definition-of-us-nonfarm-payrolls.png 1672w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The definition and meaning of the US non-farm payrolls report<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Nonfarm (NFP) Stands for Non-Farm Payrolls<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">NFP measures the change in the number of non-farm jobs against the previous month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The figure excludes several groups, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Farm workers.<\/li>\n\n\n\n<li>The self-employed.<\/li>\n\n\n\n<li>Unpaid family workers.<\/li>\n\n\n\n<li>Private household employees.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Put simply: <strong>NFP tells you how many non-farm jobs the US labour market is adding or losing.<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">Who Publishes the Nonfarm Report? The U.S. Bureau of Labor Statistics (BLS)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Nonfarm report is published by the <strong>U.S. Bureau of Labor Statistics (BLS)<\/strong>, part of the U.S. Department of Labor.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The BLS compiles data from thousands of businesses and government agencies to assess:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Employment.<\/li>\n\n\n\n<li>Unemployment.<\/li>\n\n\n\n<li>Wages.<\/li>\n\n\n\n<li>Hours worked.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Official source: <a href=\"https:\/\/www.bls.gov\/ces\/\" target=\"_blank\" rel=\"noopener\">U.S. Bureau of Labor Statistics<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What Does NFP Measure? Net New Non-Farm Jobs Each Month<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Headline NFP tells you <strong>how much total non-farm employment rose or fell against the previous month<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Last month: +120,000 jobs.<\/li>\n\n\n\n<li>This month: +200,000 jobs.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">That does not mean the US created only 200,000 new jobs. It means non-farm employment rose by a <strong>net 200,000<\/strong> once new hires and job losses are both counted.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As a general rule:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>NFP rising strongly \u2192 signs of a healthy labour market.<\/li>\n\n\n\n<li>NFP weak or negative \u2192 signs the labour market is slowing.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Even so, don&#8217;t read NFP in isolation. Read it alongside the <strong>Unemployment Rate and Average Hourly Earnings<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Why Is Nonfarm Payrolls the Most Important Release in Forex?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">NFP moves forex hard because the labour market is one of the key inputs the Fed weighs when it sets monetary policy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When NFP lands well away from forecast, the move can show up across:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The USD.<\/li>\n\n\n\n<li>EUR\/USD, GBP\/USD, USD\/JPY.<\/li>\n\n\n\n<li>Gold (XAU\/USD).<\/li>\n\n\n\n<li>US bond yields.<\/li>\n\n\n\n<li>Equities and Bitcoin.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The chain is simple enough:<\/p>\n\n\n\n<p class=\"backcom-note-block wp-block-paragraph\"><strong>NFP \u2192 US economic expectations \u2192 Fed rate expectations \u2192 the USD, gold and forex.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That is why NFP sits in the group of <strong>economic releases with the highest impact for forex traders<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Inside the Employment Situation Report \u2014 5 Figures You Need<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When you read the <strong>US Nonfarm Payrolls report<\/strong>, don&#8217;t stop at the jobs number. The <strong>Employment Situation<\/strong> release carries five figures that matter:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/structure-of-employment-situation-report-1024x576.png\" alt=\"The 5 key figures in the Employment Situation report behind Nonfarm Payrolls\" class=\"wp-image-13309\" srcset=\"https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/structure-of-employment-situation-report-1024x576.png 1024w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/structure-of-employment-situation-report-300x169.png 300w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/structure-of-employment-situation-report-768x432.png 768w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/structure-of-employment-situation-report-1536x864.png 1536w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/structure-of-employment-situation-report.png 1672w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The five key figures in the Employment Situation report<\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">The 5 Figures in the NFP Report Side by Side<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Figure<\/th><th>What it mainly measures<\/th><th>What traders watch<\/th><\/tr><\/thead><tbody><tr><td><strong>NFP<\/strong><\/td><td>Change in employment<\/td><td>Actual vs Forecast<\/td><\/tr><tr><td><strong>Unemployment Rate<\/strong><\/td><td>The unemployment rate<\/td><td>Rising or falling<\/td><\/tr><tr><td><strong>AHE<\/strong><\/td><td>Wage growth<\/td><td>MoM, YoY<\/td><\/tr><tr><td><strong>Participation Rate<\/strong><\/td><td>Labour force participation<\/td><td>The trend up or down<\/td><\/tr><tr><td><strong>U6<\/strong><\/td><td>Broad unemployment<\/td><td>The degree of underemployment<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"backcom-note-block wp-block-paragraph\"><strong>How to read it quickly:<\/strong> take them in the order <strong>NFP \u2192 Unemployment Rate \u2192 AHE<\/strong>, then check the Participation Rate and U6.<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">The 2026 Nonfarm Payrolls Calendar and Release Time in Vietnam<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Nonfarm Release Time in Vietnam (19:30 Summer \/ 20:30 Winter)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The BLS publishes the Employment Situation report at <strong>8:30 AM US Eastern Time<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Converted to Vietnam time:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>While the US is on winter time (EST):<\/strong> around <strong>20:30 Vietnam time<\/strong>.<\/li>\n\n\n\n<li><strong>While the US is on summer time (EDT):<\/strong> around <strong>19:30 Vietnam time<\/strong>.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">This is where traders in Vietnam most often slip up: <strong>summer is 19:30 and winter is 20:30<\/strong>, not the other way round.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Re-check the calendar before each release, because the publication date can change.<\/p>\n\n\n\n<p class=\"backcom-note-block wp-block-paragraph\">Source: <a href=\"https:\/\/www.bls.gov\/schedule\/news_release\/empsit.htm\" target=\"_blank\" rel=\"noopener\">BLS Employment Situation Release Calendar<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The 12 NFP Release Dates in 2026<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">According to the current BLS schedule:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Reference month<\/th><th>Release date<\/th><th>UTC<\/th><\/tr><\/thead><tbody><tr><td>December 2025<\/td><td>9 January 2026<\/td><td>13:30<\/td><\/tr><tr><td>January 2026<\/td><td>11 February 2026<\/td><td>13:30<\/td><\/tr><tr><td>February 2026<\/td><td>6 March 2026<\/td><td>13:30<\/td><\/tr><tr><td>March 2026<\/td><td>3 April 2026<\/td><td>12:30<\/td><\/tr><tr><td>April 2026<\/td><td>8 May 2026<\/td><td>12:30<\/td><\/tr><tr><td>May 2026<\/td><td>5 June 2026<\/td><td>12:30<\/td><\/tr><tr><td>June 2026<\/td><td>2 July 2026<\/td><td>12:30<\/td><\/tr><tr><td>July 2026<\/td><td>7 August 2026<\/td><td>12:30<\/td><\/tr><tr><td>August 2026<\/td><td>4 September 2026<\/td><td>12:30<\/td><\/tr><tr><td>September 2026<\/td><td>2 October 2026<\/td><td>12:30<\/td><\/tr><tr><td>October 2026<\/td><td>6 November 2026<\/td><td>13:30<\/td><\/tr><tr><td>November 2026<\/td><td>4 December 2026<\/td><td>13:30<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"backcom-note-block wp-block-paragraph\"><strong>Note:<\/strong> the table lists the releases that fall in calendar year 2026, which is why the 9 January date publishes the December 2025 data.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The Annual Benchmark Revision<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>annual benchmark revision<\/strong> is the exercise in which the BLS reconciles NFP data against a more complete employment source to improve accuracy.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>preliminary<\/strong> estimate is usually published around August\u2013September.<\/li>\n\n\n\n<li>The official figures can be updated at the benchmark revision that follows.<\/li>\n\n\n\n<li>A large revision can change how the market reads the health of the US labour market.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Keep the <strong>preliminary benchmark<\/strong> distinct from the <strong>official revised NFP figures<\/strong>.<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">How to Read Nonfarm Payrolls \u2014 From the Number to the Market Impact<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To read the <strong>US Nonfarm Payrolls report<\/strong>, look at <strong>Actual, Forecast and Previous<\/strong> together with the figures that come with them, such as the unemployment rate and wages.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What Is the Consensus, and Why Does It Matter?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>consensus<\/strong> is the market&#8217;s average forecast ahead of the NFP release.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Compare:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Actual &gt; Forecast:<\/strong> the data came in stronger than expected.<\/li>\n\n\n\n<li><strong>Actual &lt; Forecast:<\/strong> the data came in weaker than expected.<\/li>\n\n\n\n<li><strong>Actual \u2248 Forecast:<\/strong> the reaction usually depends on the other figures.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Three Scenarios When the NFP Release Lands<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>1. NFP stronger than forecast<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If NFP rises, unemployment falls and AHE increases \u2192 the labour market is read as strong.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>2. NFP weaker than forecast<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If NFP is low, unemployment rises and AHE falls \u2192 the labour market shows signs of weakening.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3. The figures conflict<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For instance, NFP is high but unemployment rises too \u2192 the market can swing violently in both directions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Reading the 3 Main Figures Together (NFP + UR + AHE)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Prioritise three figures:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>NFP:<\/strong> did employment rise or fall?<\/li>\n\n\n\n<li><strong>Unemployment Rate:<\/strong> did unemployment rise or fall?<\/li>\n\n\n\n<li><strong>AHE:<\/strong> are wages growing faster or slower?<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">When all three point the same way, the market&#8217;s reaction is usually clearer.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Don&#8217;t Ignore the Revisions<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond the current month&#8217;s NFP, check:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Previous revision:<\/strong> the adjustment to the prior month&#8217;s figure.<\/li>\n\n\n\n<li><strong>Benchmark revision:<\/strong> the larger annual reconciliation of the data.<\/li>\n<\/ul>\n\n\n\n<p class=\"backcom-note-block wp-block-paragraph\"><strong>How to read it quickly:<\/strong> NFP \u2192 Unemployment Rate \u2192 AHE \u2192 revisions \u2192 the reaction in the USD and gold.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Does Nonfarm Affect the Financial Markets?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Nonfarm Payrolls (NFP)<\/strong> release can move the USD, gold, bond yields and US equities sharply, particularly when the actual figure lands well away from forecast.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/how-nonfarm-payrolls-affects-markets-1024x576.png\" alt=\"How Nonfarm Payrolls affects the USD, gold, bond yields and equities\" class=\"wp-image-13311\" srcset=\"https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/how-nonfarm-payrolls-affects-markets-1024x576.png 1024w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/how-nonfarm-payrolls-affects-markets-300x169.png 300w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/how-nonfarm-payrolls-affects-markets-768x432.png 768w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/how-nonfarm-payrolls-affects-markets-1536x864.png 1536w, https:\/\/backcom.io\/wp-content\/uploads\/2026\/08\/how-nonfarm-payrolls-affects-markets.png 1672w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Impact on the USD Pairs (EUR\/USD, GBP\/USD, USD\/JPY)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As a general rule:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>NFP stronger than forecast<\/strong> \u2192 the USD can rise.<\/li>\n\n\n\n<li><strong>NFP weaker than forecast<\/strong> \u2192 the USD can fall.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Pairs such as <strong>EUR\/USD, GBP\/USD and USD\/JPY<\/strong> normally react fastest.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact on the Gold Price (XAU\/USD)<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Gold usually moves opposite to the USD and to yields:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Strong NFP \u2192 the USD and yields can rise \u2192 gold comes under pressure.<\/li>\n\n\n\n<li>Weak NFP \u2192 the USD and yields can fall \u2192 gold finds support.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Even so, check the unemployment rate and wages as well.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact on US Bond Yields and US Equities<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">NFP feeds interest-rate expectations:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A strong labour market \u2192 bond yields can rise.<\/li>\n\n\n\n<li>A weak labour market \u2192 expectations of rate cuts can build.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Equities can react either positively or negatively, depending on whether the market is currently prioritising growth or worrying about rates.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact on Expectations for Fed Policy (the FOMC)<\/h3>\n\n\n\n<p class=\"backcom-note-block wp-block-paragraph\"><strong>NFP \u2192 Fed rate expectations \u2192 the USD, yields, gold and equities.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">So when you read the Nonfarm release, combine <strong>NFP + the unemployment rate + AHE + the reaction in the USD and yields<\/strong> rather than looking at a single number.<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Nonfarm Compared With ADP, JOLTS and Other Labour Data<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Besides <strong>Nonfarm Payrolls (NFP)<\/strong>, traders also follow ADP and JOLTS to gauge the health of the US labour market. Each report, however, has a different purpose and scope.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What Is ADP? The Private-Sector Employment Report<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>ADP Employment Report<\/strong> tracks employment change in the US private sector.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Published by ADP.<\/li>\n\n\n\n<li>Usually released ahead of NFP.<\/li>\n\n\n\n<li>Useful as a reference for the employment trend.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">ADP is not NFP, and it should not be used to predict NFP mechanically.<\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">JOLTS \u2014 the Job Openings Report<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>JOLTS<\/strong> is the BLS report on labour supply and demand, covering:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Job openings.<\/li>\n\n\n\n<li>Hires.<\/li>\n\n\n\n<li>Quits.<\/li>\n\n\n\n<li>Layoffs and discharges.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">JOLTS gives traders a deeper read on how hot or cool the US labour market really is.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ADP, JOLTS and Official NFP Side by Side<\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Report<\/th><th>What it covers<\/th><th>Trader attention<\/th><\/tr><\/thead><tbody><tr><td><strong>NFP<\/strong><\/td><td>Change in non-farm employment<\/td><td>Very high<\/td><\/tr><tr><td><strong>ADP<\/strong><\/td><td>Private-sector employment<\/td><td>Medium to high<\/td><\/tr><tr><td><strong>JOLTS<\/strong><\/td><td>Job openings and labour turnover<\/td><td>Medium to high<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"backcom-note-block wp-block-paragraph\"><strong>The short version:<\/strong> NFP is the primary data; <strong>ADP and JOLTS<\/strong> should be used to add perspective on the US labour market.<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">How to Trade Forex on the Nonfarm Release<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Nonfarm Payrolls (NFP)<\/strong> release usually sends forex and gold moving hard. New traders should <strong>wait for the market to settle before entering<\/strong>, rather than chasing the first candle.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Before the Release \u2014 Prepare and Close Out Old Positions<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Around 30\u201360 minutes before NFP:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Check the release time.<\/li>\n\n\n\n<li>Write down <strong>Forecast and Previous<\/strong>.<\/li>\n\n\n\n<li>Identify the support and resistance zones.<\/li>\n\n\n\n<li>Review any open USD positions.<\/li>\n\n\n\n<li>Set the maximum risk for the trade.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">At the Release (the First 0\u201315 Minutes) \u2014 Watch, Don&#8217;t Trade<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The moment NFP is published, the market often produces:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Widening spreads.<\/li>\n\n\n\n<li>Slippage.<\/li>\n\n\n\n<li>Two-way spikes.<\/li>\n\n\n\n<li>False breakouts.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">New traders should <strong>read NFP + the Unemployment Rate + AHE first<\/strong>, and hold off on entering.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">15\u201360 Minutes After \u2014 Establish the Trend<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Look at:<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li>Is the USD strong or weak?<\/li>\n\n\n\n<li>How is gold reacting?<\/li>\n\n\n\n<li>Has price broken a support or resistance zone?<\/li>\n\n\n\n<li>Are the data and the price action pointing the same way?<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">When the signals agree, the post-NFP trend is usually clearer.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1\u20133 Hours After \u2014 Re-Read the Chart and Trade With the Trend<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Rather than chasing price, wait for:<\/p>\n\n\n\n<p class=\"backcom-note-block wp-block-paragraph\"><strong>Breakout \u2192 retest \u2192 confirmation \u2192 enter with the trend.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Always set a <strong>Stop Loss<\/strong>, and only trade when the risk is proportionate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Optimising Your Trading Costs Through Backcom<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">News trading usually generates more volume than usual, and spread and commission can become a meaningful cost.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Backcom.io lets traders claim back part of that cost, or <strong>up to 100% of the IB commission<\/strong>, depending on the broker and the account type.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some of the forex brokers Backcom currently supports:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Exness.<\/li>\n\n\n\n<li>XM.<\/li>\n\n\n\n<li>Vantage.<\/li>\n\n\n\n<li>HFM.<\/li>\n\n\n\n<li>EC Markets.<\/li>\n\n\n\n<li>VT Markets.<\/li>\n\n\n\n<li>Ultima Markets.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">See the list: <a href=\"https:\/\/backcom.io\/en\/what-is-backcom-forex-how-traders-get-fees-back\">The forex brokers supported for cashback at Backcom.io<\/a><\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Note:<\/strong> a rebate reduces your trading costs. It does not reduce market risk and does not guarantee a profitable trade.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can also watch forex tutorials on <a href=\"https:\/\/www.youtube.com\/@backcomio\" target=\"_blank\" rel=\"noopener\">Backcom&#8217;s YouTube channel<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Summary<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Nonfarm Payrolls (NFP)<\/strong> \u2014 the US non-farm payrolls report \u2014 is one of the most important pieces of employment data for the forex market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When reading the Nonfarm release, concentrate on:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>NFP Actual vs Forecast<\/strong>.<\/li>\n\n\n\n<li><strong>The unemployment rate<\/strong>.<\/li>\n\n\n\n<li><strong>Average Hourly Earnings (AHE)<\/strong>.<\/li>\n\n\n\n<li>The revisions to earlier data.<\/li>\n\n\n\n<li>The reaction in the USD, gold and US yields.<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Rather than looking at a single number, read NFP in the <strong>context of the market and of expectations for Fed policy<\/strong> to judge the trend more accurately.<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Frequently Asked Questions (FAQ)<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">What Time Is the Nonfarm Release in Vietnam Time?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Nonfarm Payrolls (NFP)<\/strong> release normally lands at:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>19:30<\/strong> in summer.<\/li>\n\n\n\n<li><strong>20:30<\/strong> in winter.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Check the BLS calendar before each release so you don&#8217;t get the hour wrong.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How Does the Nonfarm Release Affect the Gold Price?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">As a general rule:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Strong NFP<\/strong> \u2192 the USD and yields can rise \u2192 gold comes under pressure.<\/li>\n\n\n\n<li><strong>Weak NFP<\/strong> \u2192 the USD and yields can fall \u2192 gold finds support.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Read the unemployment rate and AHE alongside it, though.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Does Nonfarm Affect Bitcoin and Crypto?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It does. NFP can change expectations for Fed rates, which in turn affects the USD, liquidity and risk appetite across the crypto market.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How Do ADP and NFP Differ?<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ADP:<\/strong> focuses on private-sector employment.<\/li>\n\n\n\n<li><strong>NFP:<\/strong> the official employment report published by the BLS.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Treat ADP as a reference only, not as a reliable predictor of NFP.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What Is the Annual Benchmark Revision?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">It is the exercise in which the BLS reconciles and adjusts the employment data against a more complete data source, to improve the accuracy of NFP.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Is NFP More Important Than CPI or the FOMC?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">There is no fixed answer:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>NFP:<\/strong> reflects the labour market.<\/li>\n\n\n\n<li><strong>CPI:<\/strong> reflects inflation.<\/li>\n\n\n\n<li><strong>FOMC:<\/strong> decides monetary policy.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Which one carries most weight depends on the market context at the time.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Should New Traders Trade the Nonfarm Release or Avoid It?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">New traders should avoid entering the moment NFP is published, because spreads and volatility can both spike.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The safer approach:<\/p>\n\n\n\n<p class=\"backcom-note-block wp-block-paragraph\"><strong>Read the data \u2192 wait for price to settle \u2192 establish the trend \u2192 manage the risk \u2192 only then consider an entry.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A trader guide to US Nonfarm Payrolls: what NFP measures, the five figures in the Employment Situation report, the 2026 calendar, and the impact on USD, gold and forex.<\/p>\n","protected":false},"author":8,"featured_media":13305,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","footnotes":""},"categories":[359],"tags":[487,486],"class_list":["post-13303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledge","tag-nfp","tag-nonfarm-payrolls"],"acf":[],"views":8,"_links":{"self":[{"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/posts\/13303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/comments?post=13303"}],"version-history":[{"count":2,"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/posts\/13303\/revisions"}],"predecessor-version":[{"id":13316,"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/posts\/13303\/revisions\/13316"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/media\/13305"}],"wp:attachment":[{"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/media?parent=13303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/categories?post=13303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backcom.io\/en\/wp-json\/wp\/v2\/tags?post=13303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}