Table of Contents
Non-Farm Payroll Calendar 2025.
The non-farm Payroll report represents the number of jobs added or lost in the US economy over the last month. The US Department of Labor usually releases the NFP report on the first Friday of each month at 8:30 EST.
The following NFP date report for the reference month of March 2025 will be on April 4. 2025, at 8:30 EST.
The table below shows the Non-Farm payroll announcement dates and the NFP schedule for these dates.
NFP Schedule – Non-farm payroll dates 2024:
| NFP Month (Release month) | NFP Day (Release day) | Time GMT London winter time | Time EDT (or Eastern Time (EST)) New York time | Time JST or GMT+9 Tokyo Time | NFP schedule 2023 |
|---|---|---|---|---|---|
| January 2025. | 10 | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for December 2024. |
| February 2025. | 7. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for January 2025. |
| March 2025. | 7. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for February 2025. |
| April 2025. | 4. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for March 2025. |
| May 2025. | 2. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for April 2025. |
| June 2025. | 6. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for May 2025. |
| July 2025. | 3. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for June 2025. |
| August 2025. | 1. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for July 2025. |
| September 2025. | 5. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for August 2025. |
| October 2025. | 3. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for September 2025. |
| November 2025. | 7. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for October 2025. |
| December 2025. | 5. | 12:30 PM | 8:30 AM | 21:30 PM | Non-farm payrolls for November 2025. |
Table: NFP schedule 2024. Non-Farm Payroll Dates 2024 (NFP calendar). The non-farm payroll report time is 8:30 am. ES is given in three different time zones: GMT (UK NFP time), non-farm payroll time, and EST (US NFP dates).
Next NFP date
The Next NFP date is April 4., 2025, at 8:30 EST. Non-farm payroll data is also on April 4., 2025, representing the report for March 2025. The previous NFP report in March (February reference month) was 151K, while the unemployment rate was 4.1%.
NFP Release Data
| NFP Release Date | Actual NFP | Forecast NFP | Previous NFP (revised) |
|---|---|---|---|
| March 7. 2025. (February) | 151K | 156K | 125K |
| February 7. 2025. (January) | 143K | 169K | 307K |
| January 10. 2025 (December) | 256K | 164K | 212K |
| December 6. 2024 (November) | 227K | 218K | 36K |
| November 1. 2024 (October) | 12K | 106K | 223K |
| October 4.2024 (September) | 254K | 142K | 159K |
| September 6. 2024. (August) | 142K | 164K | 89K |
| August 2. 2024. (July) | 114K | 176K | 179K |
| July 5. 2024 (June) | 206K | 191K | 218K |
| June 7.2024 (May) | 272K | 185K | 175K |
| May 3. 2024 (April) | 175K | 238K | 315K |
| April 5. 2024 (March) | 303K | 212K | 270K |
| March 8 .2024 (February) | 275K | 198K | 229K |
| February 2. 2024. (January) | 353K | 187K | 216K |
| January 5. 2024. (December) | 216K | 168K | 173K |
| December 8. 2023. (November) | 199K | 185K | 150K |
| November 3. 2023. (October) | 150K | 197K | 297K |
| October 6. 2023. (September) | 338K | 300K | 187K |
| September 1. 2023. (August) | 187K | 170K | 157K |
| August 4. 2023. (July) | 187K | 200K | 185K |
| July 7. 2023. (June) | 209K | 225K | 306K |
| June 2. 2023. (May) | 339K | 190K | 294K |
| May 5. 2023. (April) | 253K | 180K | 165K |
| April 7. 2023. (March) | 236K | 239K | 326K |
| March 10. 2023. (February) | 311K | 205K | 504K |
| February 03 2023. (January) | 517K | 185K | 260K |
| January 06 2023. (December) | 223K | 200K | 256K |
| December 02.2022 (November) | 263K | 200K | 284K |
| November 04.2022 (October) | 261K | 200K | 315K |
| October 07.2022 (September) | 263K | 250K | 315K |
| September 02.2022 (August) | 315K | 300K | 528K |
| August 05. 2022. (July) | 528K | 250K | 372K |
| July 08. 2022. (June) | 372K | 267K | 390K |
| June 03. 2022 (May) | 390K | 325K | 428K |
| May 06. 2022 (April) | 428K | 391K | 431K |
| April 01. 2022. (March) | 431K | 477K | 678K |
| March 04. 2022. (Feb.) | 678K | 400K | 481K |
| Feb 04, 2022. (Jan) | 481K | 150K | 199K |
| Jan 07, 2022 (Dec) | 199K | 400K | 249K |
| Dec 03, 2021 (Nov) | 210K | 550K | 546K |
| Nov 05, 2021 (Oct) | 531K | 450K | 312K |
| Oct 08, 2021 (Sep) | 194K | 500K | 366K |
| Sep 03, 2021 (Aug) | 235K | 750K | 1,053K |
| Aug 06, 2021 (Jul) | 943K | 870K | 938K |
| Jul 02, 2021 (Jun) | 850K | 700K | 583K |
| Jun 04, 2021 (May) | 559K | 650K | 278K |
| May 07, 2021 (Apr) | 266K | 978K | 770K |
| Apr 02, 2021 (Mar) | 916K | 647K | 468K |
| Mar 05, 2021 (Feb) | 379K | 182K | 166K |
| Feb 05, 2021 (Jan) | 49K | 50K | -227K |
| Jan 08, 2021 (Dec) | -140K | 71K | 336K |
What does NFP mean?
NFP stands for Non-Farm Payrolls and measures the number of workers in the United States for the previous month without farmworkers and a handful of workers. So, the word “Non-farm” means that farmworkers are not included in the payroll jobs count.
What is NFP week?
NFP week represents the first week of the month, and the US Department of Labor usually releases the NFP report on the first Friday of each month at 8:30 EST.
What is NFP Non-Farm Payroll
Non-farm payrolls or NFPs are an aggregation of jobs within the non-farm payroll classification designated by the Bureau of Labor Statistics. NFP forex event is one of the most important economic events for the foreign exchange industry.
The number of employees in companies in the construction, goods, and other manufacturing sectors in the United States 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 that provides information on the marketplace for skilled and unskilled labor. This number does not include private households, non-profits, or farm workers. The NFP statistics are necessary since they affect the financial markets, especially the gold, stock market indices, share prices, and the US dollar.
Non-farm payroll report dates
In the NFP dates table above, we can see US Non-Farm payroll dates for 2024. Usually, Non-Farm Payroll is published on the first Friday of each month, and the time of Non-Farm Payroll release is 8:30 am EST (New York Time). However, the time of the Non-Farm Payroll release can be changed. In addition, sometimes we need to watch the Economic calendar because summer and winter time zone changes can change for 1 hour of release time.
For example, in December 2023. the NFP report was not on December 1, the first week in December. It was on the second Friday. The Non-Farm Payroll (NFP) report is not always released on the first Friday of each month because it is scheduled to be released on the third Friday after the conclusion of the reference week, typically the week that contains the 12th of the month. This scheduling method ensures the data collection period remains consistent, occasionally resulting in the report being released on a Friday later in the month rather than the first.
Non-farm payroll effect on markets
After the government releases NFP data, markets are usually volatile and fluctuate in value. It is observed that the dollar strength is closely related to the NFP data in the short term. Historically, it has been 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 of the month. Though the data is officially called the Employment Situation, it is more popularly called the jobs market. These statistics affect the market for foreign exchange, bonds, and stocks.
NFP changes
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 suggests that businesses expect growth. Hence, they are hiring more employees. These new employees getting salaries will likely purchase services and goods, leading to further development. When companies do not expect growth, they do not hire, and there is a decrease in NFP figures.
Importance of NFP
Investors and traders know the Federal Reserve of the United States monetary policies are closely linked to NFP data. Significant changes in NFP figures can lead to substantial fluctuations in financial markets. In addition to being a relatively accurate indicator of economic conditions, job statistics are vital for several 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 pay higher compensation. This could lead to inflation.
Other important information
Another essential job data monitored is the industry sectors where significant job growth or losses occur. For example, more people will be hired if the housing sector is poised for growth. 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, leading 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 at in the NFP report?
Most essential facts from the Non-Farm Payroll Report :
1. The unemployment rate in the economy is a percentage of the overall workforce.
2. Which sectors does the increase or decrease in jobs come from?
3. Average hourly earnings.
4. Revisions of previous non-farm payroll releases.
What currency pairs are affected by NFP?
All currencies traded against USD are affected by NFP, such as EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDTRY, etc. Usually, major forex pairs and exotic and minor currency pairs that cross US dollars will be affected by NFP (Non-farm payroll).
How does NFP affect gold?
NFP affects gold inversely proportional. In other words, when the US NFP increases, the number of employees increases, the US economy is better, and the price of gold decreases. The price of gold or XAU/USD decreases when the USD increases because gold’s price is linked to the dollar’s value.
How to predict NFP?
To predict the NFP value, you must monitor previous unemployment data, which sectors have been hired in the last 30 days, employment seasonality, etc. However, it is tough to predict Non-farm Payroll numbers, and for traders, the NFP report can bring a lot of volatility in trading.
Usually, traders wait to see NFP release data and enter into trades. However, other news can significantly impact or have a mixed influence on US prices. For example, the initial and continuing jobless claims data are released weekly on Thursdays and indicate the future NFP release.
