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Nonfarm Payrolls

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Nonfarm Payrolls : The single most important piece of data contained in the employment report generally V specifically is nonfarm payrolls. As the name implies, nonfarm payrolls measure the number of people on the payrolls of all non-agricultural businesses. The monthly changes in payrolls can be quite volatile, occasionally varying by better than 200K from one month to the next. Even with this volatility and the possibility of large revisions to past data, the payrolls figures offer the most timely and comprehensive snapshot of the economy.

If it is more than expected then it entails the positive strength of the economy hence affects the Bullion prices adversely and vice versa.

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