Source Bureau of Labor Statistics, U.S. Department of Labor
The data demonstrates the change in the number of employed people during the previous month, excluding the farming industry.
This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts.
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.
Effect of market
The index has a strong influence on the markets.
The index growth or the excess of the forecast by the actual value, depending on the situation in the market, can be both positive and negative for the dollar.