Non-Farm Payroll Calendar 2020
In this table below we can see Non-Farm payroll announcement dates:
|NFP Month||NFP Day||Time GMT|
London winter time
|Time EDT (or Eastern Time (EST))|
New York time
|Time JST or GMT+9|
|NFP schedule 2020|
|January||10||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for December 2019|
|February||7||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for January 2020|
|March||6||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for February 2020|
|April||3||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for March 2020|
|May||8||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for April 2020|
|Jun||5||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for May 2020|
|July||2||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for Jun 2020|
|August||7||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for July 2020|
|September||4||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for August 2020|
|October||2||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for September 2020|
|November||6||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for October 2020|
|December||4||12:30 PM||8:30 AM||21:30 PM||Non-farm payrolls for November 2020|
Table: NFP schedule 2020. Non-Farm Payroll Dates 2020 (NFP calendar). Nonfarm payroll report time 8:30 am EST is given in the three different time zones.
What is NFP Non-Farm Payroll
Non-farm payrolls or NFP are an aggregation of payroll jobs available within the non-farm payrolls classification as designated by the Bureau of Labor Statistics. NFP forex event is one of the most important economic events for foreign exchange industry.
The number of employees in companies in the construction, goods, and other manufacturing sectors in the United States together is used to compile the non-farm payroll (NFP) statistics. These statistics are released by the Labor Department of the United States every month and are part of a detailed report which provides information on the marketplace for skilled, unskilled labor. This number does not include details of employees of private households, non-profits, or workers in farms. The NFP statistics are considered important since they affect the financial markets, especially the value of the gold, stock market indices, share prices, and the US dollar.
Non-farm payroll report dates
In the table above, we can see US Non-Farm payroll dates. Usually, Non-Farm Payroll is published on the first Friday of each month, at 8:30 am EST (New York Time). The time of the Non-Farm Payroll release can be changed. Sometimes we need to watch the Economic calendar because summer and winter time zone changes can change for 1 hour release time.
Non-Farm payroll effect on markets
After the government releases NFP data, markets are usually volatile and fluctuate in value. In the short term, it is observed that the dollar strength is closely related to the NFP data. Historically, it is observed that the correlation between the dollar index and NFP statistics has been slightly negative. Typically the Labor Statistics department will release the data every month on a Friday, the first in the month. Though the data is officially called the Employment Situation, it is more popularly called the jobs market. The market for foreign exchange, bonds and stocks are affected by these statistics.
When there is no recession, the NFP numbers for the increase in jobs will usually increase by between ten thousand and two hundred and fifty thousand monthly. This value indicates the increase or decrease in the employee numbers in the last month, excluding the farming sector. When NFP numbers rise, it indicates that businesses expect growth, hence they are hiring more employees. These new employees getting salaries are likely to purchase services, goods and this could lead to further growth in the economy. When businesses do not expect growth, they do not hire, and there is a decrease in NFP figures.
Importance of NFP
Investors and traders are aware that the monetary policies of the Federal Reserve of the United States are closely linked to NFP data. Significant changes in NFP figures can lead to major fluctuations in financial markets. In addition to being a fairly accurate indicator of the economic conditions, the job statistics are also important for a number of other reasons. The Federal Reserve also monitors the overall unemployment rate. When the unemployment rate reduces below 5%, there is usually a shortage of good workers, and businesses may have to pay higher compensation to the workers. This could lead to inflation.
NFP week, most of the time is a ranging week. Usually, traders wait to see NFP release data and then enter into trades. However, other news can have a great impact or a mixed influence on US prices. The initial and continuing jobless claims data are released on a weekly basis, on Thursdays and offer a solid indication about the future NFP release.
Other important information
Another important job data which is monitored are the industry sectors where job growth or losses are significant. For example, if the housing sector is poised for growth, more people are likely to be hired. The average hourly compensation is also closely watched, since some companies may prefer to decrease the wages instead of dismissing employees as it has the same financial effect. In some cases, the previous NFP figures may be revised and this could lead to changes in stock market prices since the traders’ expectations of growth in the economy will also change accordingly.
What do we need to look in the NFP report?
Most important facts from the Non-Farm Payroll Report :
1. What the unemployment rate is in the economy as a percentage of the overall workforce.
2. Which sectors the increase or decrease in jobs came from.
3. Average hourly earnings.
4. Revisions of previous nonfarm payroll releases.