Non-agricultural refers to the non-agricultural employed population in the United States. As the name implies, it is a data indicator reflecting the employment situation of non-agricultural population in the United States. Often referred to as the big non-agricultural.
Second, the definition of small non-agricultural:
"Small non-agricultural" is the private sector non-agricultural data released by the US Department of Labor before the release of non-agricultural population (referred to as "non-agricultural") data, which is released by automatic data processing (ADP), and the released employment figures are authoritative. ADP's National Employment Report is sponsored by ADP, and the macroeconomic consultant is responsible for the formulation and maintenance.
This report collects data from about 500,000 anonymous American companies, reflecting the employment situation in the United States and covering nearly 35 million American employees. ADP survey only includes private sector employment data, excluding government employment. Many investors will use this as the basis for making orders.
Extended data
Non-farm employment data in the United States is one of the unemployment data in the United States, which reflects the number of newly employed people except agricultural employment and is released at the same time as the unemployment rate. Last month's data was released by the Bureau of Statistics of the US Department of Labor at 8:30 Eastern Time on the first Friday of each month, that is, at 20:30 Beijing time on Friday. So far, this data is one of the most important economic indicators in the United States and the most volatile economic data affecting the foreign exchange market. Employment report is usually regarded as the "crown jewel" among all economic indicators that the foreign exchange market can respond to.
As a sensitive monthly economic indicator, investors can usually see a lot of market sensitive information from it. Among them, the foreign exchange market pays special attention to the changes of monthly employment with seasonal adjustment. For example, a strong non-farm employment situation indicates a healthy economic situation, and may indicate a higher interest rate. The potential high interest rate encourages the foreign exchange market to push the value of the country's currency more, and vice versa.
The relationship between the dollar and gold is generally inversely proportional, that is, if the dollar rises, investors will generally buy dollars to increase their value and sell gold. Similarly, if the dollar falls, investors will generally sell dollars and buy gold to preserve and increase its value.
However, no law is applicable at all times. It often happens after the financial crisis in 2008. When the non-farm employment data is worse than expected and lower than the previous value, the dollar and gold rise at the same time. This trend reflects another function of the dollar, that is, hedging. The specific trend needs investors to decide according to the economic situation in the United States and the world when the data is released.