A Question about the NFP

Hi, I'm a newbie, in fact, I started taking an interest in 4x only about 2 weeks ago. I was particularly interested in the NFP for July. I read some articles about the NFP and according to these experts the Non Farm Employment figure for July was going to be close to 150k. With the benefit of hindsight we now know that they were way off the mark. My question: is there anyway of knowing or extrapolating, within a few thousand, what that NFP total will be?

Not really.

You can get all the economic data you need from this website:

http://www.economagic.com/

It's great to get historic economic data...

The total non-farm jobs in June 2006 was 135,241,000

And the total non-farm jobs in July 2006 was 135,354,000

So as you can see the difference is the number of non-farm jobs added during July 2006, which is the 113,000 jobs reported on friday...


Thanks,

Nader

Nader I just checked last months NFP on the ForexFactory Calender and it says 121K, but economagic works out to be 124K, June was even more different,

FFCalender=75K verses economagic=100K,

and March

FFCalender=243k verses economagic=200k,

has it got something to do with revisions ?

Dean.

Unfortunately, I found the website (http://www.economagic.com) down today when I returned from work, so I couldn't check why the numbers are skewed...But I think that revisions play a role in this difference specially that the final number (which was released last friday & not revised yet) is the same on both sides...

As soon as the website is up once again, I will check....


Thanks,

Nader

According to IFRMarkets, they published a revision number along with this months NFP figure, and that number was 124K, I'm all new to this but I presume it was the revision for last months NFP figure, which is exactly the same figure I worked out from economagic's site, so I guess economagic do list revision numbers.

Dean.

trade higher time frames and you will be looking forward to NFP as it will be complementing your trading strategy.if you look at lower time frames you will be dreading nfp and always loosing your trades when its around. which snot the way to trade