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        Weekly Market Update

        Downward Path of Nonfarm Payrolls

        Dane Smith
        Senior Investment Strategist

        Insight of the Week

        • The nonfarm payroll data comes out on a monthly basis and is one of the preferred measures of the US workforce that is followed by the Fed.
        • It covers a wide variety of US business sectors and moves closely in line with the overall economy.
        • Change in nonfarm payrolls shows the number of new jobs added (or eliminated) by the economy compared to the previous month and is used as an input to Fed policy rate decisions.
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