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Non-Farm Employment Change (US)

Event Date: Friday, February 2, 2024

Event Time: 13:30 CET

NFP Expected at 177K in January

Updated Friday, February 2, 2024

EVENT ENDED

In March 2020, employment declined by 27k as the lock-downs began, although the decline in non-farm employment increased to -20,537K in April, but in May employment increased by 2,509K and by 2,369K in June. It slowed to just 167K in July and missed expectations again in August, but jumped to 749K in September. In October employment cooled off again to 365K and to 307K in November, while in December jobs declined by 140K, although they increased again by 174K in January 2021. In February employment increased by 117K but in March it surged by 565K. The increase continued in April to 742K, while May came at 692K and July was expected at 695K but came at 330K. Jobs have been increasing again since the dip in November but January is expected to show a decline to 177K. Please follow us for coverage of this event live by experienced market analysts.

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About Non-Farm Employment Change (US)

Developed by the ADP Research Institute, the ADP Non-Farm Employment Report provides a picture of the private sector jobs situation in the United States. Released on a monthly basis, it is an estimate of the change in number of people employed in the U.S. The agricultural industry and government are excluded from the calculation.The timing of the ADP Non-Farm Employment Report is typically several business days before the U.S. Department of Labor and Statistics releases its Non-Farm Payrolls brief. The ADP is a market mover for the USD due to the fact that employment levels are a key driver of aggregate economic growth.A lower than expected number is commonly interpreted as bearish for the USD, while a high number is bullish.

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