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Nonfarm payrolls (NFP)

Nonfarm payrolls (All Employees, Total Nonfarm) estimate U.S. jobs excluding farm work, private household employment, and a few other categories. The monthly Employment Situation release also includes the unemployment rate.

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Why it matters

Jobs prints reshape growth and Fed path expectations. Markets watch the change vs prior month and revisions — not a single absolute level in isolation.

How RomeWay uses it

See /markets/macro/nfp. When OpenBB/FRED provides a verified PAYEMS reading, Brief and ECO surfaces may cite it with as-of; otherwise they abstain.

FAQ

Is NFP the same as UNRATE?: No. NFP is an establishment jobs count; the unemployment rate comes from the household survey. Same release day, different series.