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Non Farm Payrolls Annual Revision

Name: Non Farm Payrolls Annual Revision
Creator: TipRanks

The 'Non-Farm Payrolls Annual Revision' in the USA is an adjustment made to employment data collected by the Bureau of Labor Statistics, reflecting updated information from more comprehensive sources like unemployment insurance tax records. It measures changes in employment levels across various sectors, excluding farm workers, government employees, and a few other categories. This revision is crucial as it provides a more accurate picture of employment trends, influencing economic policy and financial market decisions. The market impact can be significant, as investors and policymakers rely on this data to gauge economic health and adjust strategies accordingly.