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Non-farm payrolls

Find out what the non-farm payrolls (NFP) report is, when it’s released and how it affects financial markets.

Trading is risky.

Latest non-farm payrolls data

May 2025: The US economy added 139,000 jobs in May, slightly above market expectations of 130,000. US unemployment remained at 4.2%.

Latest

139,000

Forecast

130,000

Previous

147,000

When is the next non-farm payrolls report?

NFP data is usually released at 8.30am (EST) on the first Friday of every month.
Here are the key dates for your diary.

Reference Month Date Time (EST)
January 2025 7 February 2025 8.30am
February 2025 7 March 2025 8.30am
March 2025 4 April 2025 8.30am
April 2025 9 May 2025 8.30am
May 2025 6 June 2025 8.30am
June 2025 11 July 2025 8.30am
July 2025 8 August 2025 8.30am
August 2025 5 September 2025 8.30am
September 2025 10 October 2025 8.30am
October 2025 7 November 2025 8.30am
November 2025 5 December 2025 8.30am
Reference month January 2025
Date 7 February 2025
Time (EST) 8.30am
Reference month February 2025
Date 7 March 2025
Time (EST) 8.30am
Reference month March 2025
Date 11 April 2025
Time (EST) 8.30am
Reference month April 2025
Date 9 May 2025
Time (EST) 8.30am
Reference month May 2025
Date 6 June 2025
Time (EST) 8.30am
Reference month June 2025
Date 11 July 2025
Time (EST) 8.30am
Reference month July 2025
Date 8 August 2025
Time (EST) 8.30am
Reference month August 2025
Date 5 September 2025
Time (EST) 8.30am
Reference month September 2025
Date 10 October 2025
Time (EST) 8.30am
Reference month October 2025
Date 7 November 2025
Time (EST) 8.30am
Reference month November 2025
Date 5 December 2025
Time (EST) 8.30am

How to trade non-farm payrolls

Traders take a keen interest in the non-farm payrolls as it’s historically caused sudden, significant price movements in the market, giving rise to potential trading opportunities.

Economists will attempt to predict what the headline NFP figure will be each month, usually arriving at a consensus estimate. If the actual figure deviates significantly from the estimate, this tends to create more market volatility.

The US dollar, US indices and commodities such as gold are particularly sensitive to the NFP report.

How to trade non-farm payrolls cheatsheet

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