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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United StatesUS Non Farm Payrolls Annual Revision fell to -818K in August 2024
FMPYearlyReleased August 2024
US Non Farm Payrolls Annual Revision fell to -818K in August 2024, down 631K from July's -187K reading.
Latest Release
-818.000000
Actual
—
Consensus
-187.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Bullish Stocks | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Bullish USD | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Bearish Gold | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Non Farm Payrolls Annual Revision (United States) was reported at -818 thousand in August 2024. The reading fell from the previous value of -187 thousand. This is classified as a high-impact indicator released on a yearly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include NY Empire State Manufacturing Index (Jun 15) and Industrial Production MoM (Jun 15).
Auto-generated from current model state · Refreshes on each release · Last update August 2024.
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Non Farm Payrolls Annual Revision - US
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About Non Farm Payrolls Annual Revision — United States
DEFINITION
The Non Farm Payrolls Annual Revision is a financial indicator that measures the total number of paid workers in the United States, excluding farm workers, government employees, and non-profit organization employees. This revision is conducted annually and provides an updated and more accurate picture of the country's employment situation. It is a key indicator for investors, policymakers, and economists to understand the health of the labor market and make informed decisions.
WHY THIS INDICATOR MATTERS
Labor-market data shapes consumer-spending forecasts and is closely tracked by central banks assessing the output gap and wage-inflation pass-through. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2024): actual -818 K.
WHAT'S NEXT
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.