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NFP

Employment data: jobs and unemployment are different measures

Author: GenvrisPublished NFP1 min readEducational note

The US employment report combines information from household and establishment surveys. The unemployment rate and payroll employment do not measure the same thing.

Check which survey a figure comes from, its reference period and any revisions. Do not treat one number as a complete picture of employment or as a certain forecast for currency prices.

Educational information only, not personalised investment advice. Trading involves risk.

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