CME Group » Nonfarm Payroll
Economic Event Products
Select a Product
Description Added
Nonfarm Payroll Futures
Quotes | Contract Specifications | Performance Bonds / Margins | Product Calendar | Learn More
 
 
Nonfarm Payroll Futures
Contract Size $25 x change in Total Nonfarm Payrolls (NFPs) as published by BLS
Quote Quoted in thousands, e.g., May 2007 contract would have settled at +157, representing change in Nonfarm Payrolls (in 000s) from April to May 2007. Each minimum price fluctuation of 1 point (1,000 jobs) = $25.00
Contract Months Contracts available for all NFP releases, listed on the Monday after the previous month’s release
Trading Hours Offered exclusively on CME Globex electronic trading platform on Sundays through Thursdays from 5:00 p.m. to 4:00 p.m. Central Time next day
Last Trading Day Trading in an expiring contract concludes at 7:25 a.m. CT on the first Friday of the contract month or such other day on which NFP figures are scheduled to be released by the BLS.
Final Settlement Procedure Settled in cash based on change in seasonally adjusted total NFPs reported by U.S. Dept. of Labor, Bureau of Labor Statistics Table B-1. Employees on nonfarm payrolls by industry sector and selected industry detail, seasonally adjusted change in total nonfarm payrolls for month prior to named contract month.
Strike Prices N/A
Price Limit Price limit of ±200 points (200,000 jobs = $5,000) applied to the final settlement price from previous business day's price settlement.
Minimum Block Size 20 contracts
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of CME.