Save US Nonfarm Payroll (Yearly Change)
The nonfarm payroll monthly report is the most important economic indicator for the US labor market. A monthly increase ranging from 150,000 to 200,000 usually indicates stable growth of the labor market. An annual increase represents the long-term trend in the labor market.
When nonfarm payroll increase falls under 2 million and continues to decline, US stocks are turning bearish. Such reversal usually leads the US stocks by 2 to 3 months.
US Nonfarm Payroll (Yearly Change, L)2021-03-6,720.00 k
S&P 500 Index (R)2021-04-164,185.47