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# non-farm payroll & the employement rate
- Total non-farm payroll account for ~80% of the workforce that produces US GDP
- Used to gauge wether views determined by leading indicators are confirmed/denied
The ESR consist of the following
- Unemployement Rate
- Total non-farm payroll
- Private sector employement
- Gov sector employement
The non-farm payroll is a coincident indicator that tells us how many job where added to the US economy
Day trader tend to focus on the non-farm payroll # as their main economic guide but it is wrong as it is a coincident idicator and lags leading indicators.
Source:
It is reported monthly on the first friday @ 8h30 by the Bureau of Labor statistics (BLS)
Initial and continuous claims of unemployement are reported every Thursday for the previous week, they will show up in the non-farm payroll in the future.
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