Nonfarm Payrolls
This indicator measures the absolute change in the number of employees in the country who are officially employed full-time or part-time during the reference period.
It is calculated on the basis of a sample survey of a part of the country's population. Certain categories of citizens are excluded from the calculation, such as foreign residents, diplomats, regular employees of the armed forces, and workers in the agricultural sector.
Employment is one of the most important indicators of the state of the economy.
An increase in employment indicates a revival of the labor market, economic recovery and growth of social welfare in the country; it is a leading indicator of household expenditures and is considered a favorable factor in assessing the state of the economy. In addition, the employment change rate indirectly influences such an important indicator as the country's gross domestic product.
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