Non-Farm Payrolls QQ


Monthly change in employment excluding the farming sector. Non-farm payrolls is the most carefully observed indicator in the Employment Situation. More precisely, political pressures come into effect due to the fact that the Fed is responsible for keeping employment in a sustainable range and uses interest rate changes to do so. A surge in new Non-farm Payrolls is suggestive of both potential inflation pressures as well as rising employment, which the Fed commonly counters with rate increases. A consistent decline in Non-farm Employment suggests a slowing economy, which makes a decline in rates more likely.

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