Non-agricultural data usually refers to the non-agricultural employment rate in the United States, and the number of non-agricultural employees is released together with the unemployment rate, usually at 20:30 Beijing time on the first Friday of each month.
The number of non-agricultural employees can reflect the development and growth of manufacturing and service industries. The reduction in quantity means that enterprises reduce production and the economy enters a depression. With the rapid development of social economy, consumption will naturally increase, and jobs in the consumer and service industries will also increase. When the number of non-agricultural employees increases significantly, it shows that the economic situation is healthy, which should be beneficial to the exchange rate in theory and may indicate higher interest rates, and the potential high interest rates will prompt the foreign exchange market to promote the value of the country's currency more, and vice versa. Therefore, this data is an important indicator to observe the degree and situation of socio-economic and financial development. The number of non-agricultural employees is one of the employment reports, which mainly counts job changes outside agricultural production.
Employment reports, including employment-related information, are obtained through two independent surveys, namely, enterprise surveys and household surveys. Among them, the enterprise survey provides the employment situation, average hourly work and total hourly index of non-agricultural sectors; Household surveys provide information about the labor force, household employment and unemployment rate. Among all the economic indicators that the foreign exchange market can respond to, the employment report is usually regarded as "the jewel in the crown". It is the most sensitive monthly economic indicator in the market, and investors can usually see a lot of market sensitive information from it, among which the foreign exchange market pays special attention to the seasonal changes of monthly non-agricultural employment. American non-farm employment data is one of the most important economic data in the foreign exchange market every month. The publication of this data may become a turning point in determining the direction of the foreign exchange market, or it may bring about violent fluctuations in the foreign exchange market, leading to the market's ambiguity about the direction of foreign exchange.