Non-Farm Payroll


Also found in: Acronyms.

Non-Farm Payroll

In the United States, a figure compiled by the Bureau of Labor Statistics representing the total number of working-age persons working in all professions, except the following: government employees, household employees, many nonprofit employees, and farm employees. At any given time, this number represents approximately 80% of the American workforce currently employed. Economists use the non-farm payroll to help gauge the state of the overall economy.
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Dubai: Last week was heavy with events impacting the markets including a surprise interest rate decision by the European Central Bank (ECB), the G20 summit, and glum non-farm payrolls data from the US.
The Tennessee Valley economy encompasses about $232 billion in gross product, $189 billion in personal income, 3.8 million in total non-farm payroll employment, and 8.1 million in population.
Indian markets were anxious as rapid increases in non-farm payroll data might lead to an increase in inflation.
But non-farm payroll employment averaged 911,600, up 0.4%.
A Reuters poll forecast non-farm payroll gains of 212,000 which would be its fifth month above 200,000.
"This follows today's dismal non-farm payroll report which has raised expectations that the Federal Reserve will announce yet another programme of asset purchases at its meeting later this month," added Morrison.
The GDB-EAI showed that total non-farm payroll employment for June 2014 averaged 918,800, an annual decrease of 1.2%, while total non-farm payroll employment showed a 1.3% decrease in Fiscal 2014 with respect to Fiscal 2013.
The non-farm payroll figure was far lower than analysts had expected.
central bank believed the slowdown in non-farm payroll gains was "transitory," noting that "several other timely indicators of labor market conditions still look favorable."
Non-Farm payroll report is usually preceded by a period of low volatility.
Labor Department's jobs report, formally the Non-Farm Payroll Report, the U.S.
Non-farm payrolls rise 175,000 in Feb; jobless rate increases to 6.7% from 6.6%
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