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The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 a.m. on Wednesday, September 23, 2026. Du Jiangfeng, Vice Minister of Education, and Wang Guangyan, Spokesperson and Vice Minister of Education, will introduce the implementation of the 15th Five-Year Plan and the relevant situation of accelerating the construction of a strong education nation, and answer questions from reporters.On September 21st, officials from the Shandong Provincial Department of Finance and other departments interpreted the "Several Measures on Promoting Domestic Demand through Fiscal and Financial Coordination." Stabilizing expectations is a crucial guarantee for expanding domestic demand and stabilizing growth. The "Several Measures" address this from three dimensions: reducing costs, increasing investment, and optimizing the environment, to further boost market confidence. Regarding cost reduction, efforts are focused on both personal consumption and corporate financing, using methods such as loan interest subsidies to enhance consumption and investment willingness. For example, the implementation of personal consumption loan interest subsidies is optimized, providing a 1 percentage point subsidy for loans used by residents for consumption, with an individual receiving up to 5,000 yuan in government subsidies per year from one bank. Regarding increased investment, the role of investment funds is leveraged to guide and drive social capital to participate in new consumption areas such as digital and green technologies through market-oriented means, supporting the development of long-term consumption industries through "long-term capital" and "patient capital" investment. Regarding environmental optimization, the "financial chain leader" mechanism for 19 landmark industrial chains is deepened, special quotas for relending and rediscounting are allocated, "accelerating financial access to the grassroots" is promoted, and actions such as "direct financial connections for private enterprises to solve problems" are carried out to promote a virtuous cycle of consumption and investment, and supply and demand.September 21 - XtalPi Technology announced today that its scientific intelligence platform, XtalPi Science, has completed a major product upgrade, officially launching over 80 proprietary scientific skills and tools, and further expanding the scope of invited testing.On September 21, five departments, including the Ministry of Industry and Information Technology, jointly issued the "Notice on Organizing the Recommendation of National Green Computing Facilities in 2026," outlining the specific requirements and procedures for the recommendation process and releasing the "Evaluation Index System for National Green Computing Facilities in 2026." The new index system covers four aspects: energy utilization level, carbon emission management level, water resource utilization level, and computing resource utilization level. In terms of evaluation content, it newly incorporates indicators such as unit computing power energy efficiency, carbon utilization efficiency, digital carbon management, and product carbon footprint, further emphasizing energy efficiency and carbon efficiency leadership. Regarding scoring, it increases the scores for key indicators such as carbon utilization efficiency, water resource utilization efficiency, renewable energy electricity ratio, and rack resource utilization level, further emphasizing the overall requirements of green, low-carbon, intensive, and circular development.September 21 – The State Council Information Office held a press conference today on the theme of "Starting the 15th Five-Year Plan," introducing the relevant situation regarding safeguarding and managing the "national granary" and ensuring national food security. A relevant official from the National Food and Strategic Reserves Administration stated that during the 15th Five-Year Plan period, my country will further implement the high-quality grain project, continuously improve the quality and efficiency of the grain industrys development, and the grain industry is expected to achieve an annual total industrial output value of over 4.5 trillion yuan, better meeting the peoples needs as they transition from "having enough to eat" to "eating well" and "eating nutritious and healthy food."

What impact does NFP have on the forex market?

LEO

Oct 25, 2021 13:27

Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. It does not include farm workers, private household employees, or non-profit organization employees.

It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market.

The Bureau of Labor Statistics releases data on the first Friday of the month, at 8:30 a.m. Eastern Time. 

This data is analyzed closely because of its importance in identifying the rate of economic growth and inflation.

Nonfarm payroll is included in the monthly Employment Situation or informally the jobs report and affects the US dollar, the Foreign exchange market, the bond market, and the stock market.

The markets react very quickly and most of the time in a very volatile fashion around the time the NFP data is released. The short-term market moves indicate that there is a very strong correlation between the NFP data and the strength of the US dollar. Historical price movement data shows a small negative correlation between the NFP data and the US dollar Index.

The figure released is the change in nonfarm payrolls (NFP), compared to the previous month, and is usually between +10,000 and +250,000 during non-recessional times. The NFP number is meant to represent the number of jobs added or lost in the economy over the last month, not including jobs relating to the farming industry.

As with other indicators, the difference between the actual non-farm data and expected figures will determine the overall impact on the market. If the non-farm payroll is expanding, this is a good indication that the economy is growing, and vice versa. However, if increases in non-farm payroll occur at a fast rate, this may lead to an increase in inflation. In forex, the level of actual non-farm payroll compared to payroll estimates is taken very seriously. If the actual data comes in lower than economists' estimates, forex traders will usually sell U.S. dollars in anticipation of a weakening currency. The opposite is true when the data is higher than economists' expectations.

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