The Employment Report is a monthly report including the Unemployment rate, Average Hourly Earnings, and the Non Farm Payrolls report. The non-farm payrolls report (NFP) is one of the most important economic indicators in the Forex Market, and the number released has a direct impact on the markets.
The Non-Farm Payrolls, which is part of the employment situation report, measure the number of jobs added, excluding farm employees, government employees, private household employees and employees of nonprofit organizations. Traders paid a lot of attention to this number because it measures the actual number of paid employees (full and part time) in the business and government establishments.