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NFP · EVENT PLAYBOOK

U.S. jobs report schedule and market impact

The Employment Situation combines payrolls, unemployment, average hourly earnings, participation and prior-month revisions.

NEXT OFFICIAL RELEASECalculating
Fri, Nov 6, 08:30 AM ETFri, Nov 6, 09:30 PM Beijing
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WHY IT MATTERS

Why U.S. equities care

Labor conditions shape consumer resilience and wage inflation. Markets assess whether the report supports a soft landing, overheating or recession risk.

WHAT TO READ

What to read first

  1. 01

    Payroll growth

  2. 02

    Unemployment rate

  3. 03

    Monthly wage growth

  4. 04

    Two-month revisions

  5. 05

    Participation rate

IMPACT PATHS · INFERENCE

Potential paths, not trade calls

Jobs and wages are both firm

Resilient growth but more inflation pressure → front-end yields react → rate-sensitive sectors move

Labor cools gradually

Soft-landing view improves → more easing room → consumer and growth sectors reprice

READING BOUNDARIES

Common reading mistakes

  • Initial payrolls are often revised
  • Household and establishment surveys can diverge
  • Payrolls alone miss wages and unemployment

2026 NFP release schedule (Beijing time)

Dates and times follow the official schedule

Date (Beijing)Beijing timeEastern timePeriod
Fri, Nov 621:3008:30October 2026 data
Fri, Dec 421:3008:30November 2026 data

All 2026 release dates already published by the agency, plus any next-year dates it has announced. Later changes follow the official source.