US Non-Farm Payroll (NFP) will be released Friday, October 3rd.

The August release of this important employment measure was a loss of -84k jobs. Analysts are forecasting that September’s losses could be higher, some hinting at -150 less jobs due to the current uncertainty surrounding the US Economy.

US Non Farm Payroll NFP September

The graph shows how US employment have been hit by the effects of the Housing recession starting all the way back to August of 2007. As the economy cooled and more Financial Institutions reporter further losses, the US workforce contracted. The Non Farm Payroll is one of the most important economic indicators in Forex Trading, but this Friday’s is potentially more important because it could coincide with the US House of Representatives vote. That is if, the bill passes today’s vote in the Senate.

For more United Sates employment data, and other major economic indicators please visit FXEconostats

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza