Non-farm payrolls: what do the three numbers mean?

The monthly US jobs report comes with the headline payrolls number, the unemployment rate and average hourly earnings — and the market often reacts to the details, not the headline.

Non-farm payrolls: what do the three numbers mean? — risk-reward diagram
A risk-reward ratio of 1 to 2

For beginners:

  • which of the three do you pay attention to first?
  • what are revisions, and why do they matter?
  • do you trade the release or avoid it?
Non-farm payrolls: what do the three numbers mean? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

The non-farm payrolls guide breaks down each number and why it moves the dollar.

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