What is the Nonfarm Payroll?
It is the change in the US employment level, excluding the farming sector.
There is also a monthly report that comes with it that details the average weekly earnings and average work week of non-farm employees. If you do not work in the farming industry, you're included in this report.
Why You Care
The Nonfarm Payroll (NFP) report is highly respected by investors and much awaited when it comes out on the first Friday of the month. Job creation is vital as it will signal consumer spending in the future. A positive NFP report is good for the US economy.