Nonfarm payroll is an important indicator because it tells you how _____ is doing.

Question

Quizplus · Accepted Answer

Nonfarm payroll refers to the number of employees on the payrolls of all non-agricultural businesses. It indicates how the labor market is doing by showing the number of new jobs added in various sectors such as manufacturing, construction, education, and healthcare. This information is important for investors and policymakers to gauge the strength of the economy and make decisions accordingly. Option A and C are not correct as nonfarm payroll only includes non-agricultural employees. Option D is not directly related to nonfarm payroll.

Nonfarm Payroll Is an Important Indicator Because It Tells You