The Non-farm payrolls (NFP) report is published by the U.S. bureau of Labor Statistics. The monthly report includes the total number of workers (excluding certain industries) that are added to the U.S. economy on a monthly basis. It is published the first Friday of the month (except when that day happens to be the first of the month) at 8:30am Eastern Standard Time.
The NFP is the biggest report in forex. When the Bureau of Labor Statistics releases the number of jobs created and the current unemployment rate, investors react instantaneously to the information. A rise in jobs and lower unemployment should boost the demand for the US dollar versus other currencies. Viceversa lower than forecasted job creation and a rise in the unemployment rate would reduce the demand for the US dollar which would see it lower in value versus other currencies.
The NFP includes the employees of durable goods, construction and manufacturing companies while excluding farm workers, private household employees and non-profit organizations. This indicator can give an important insight on the overall strength of the US economy. It is even more important after in December of 2012 the Federal Reserve set a target of 6.5% unemployment to signal economic recovery. The US central bank would then start cutting back on the $85 billion a month bond buy-back program. The current rate in the US is 7.3%.
Given the statements from the Fed the NFP report will be closely watched by market participants from all major markets as it can have the power to impact the fundamental drivers of the US economy.
The Employment Situation for October 2013 is scheduled to be released on Friday, November 8, 2013, at 8:30 A.M. Eastern Time.
For more information
Bureau of Labor Statistics 
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