nonfarm

Definition

Relating to industries outside of agriculture, used specifically in economic data to exclude seasonal agricultural employment figures.

Etymology

The word is a compound of the prefix 'non-', meaning 'not,' and 'farm,' derived from the Middle English 'ferme,' referring to land held by lease or rent for cultivation.

In the news

The term is used here as part of the 'nonfarm payrolls' data, a key economic indicator that showed slowing activity, which influenced expectations for Federal Reserve policy.

U.S. consumer activity has to be 'meaningfully slower' for Fed to hit inflation target: ANZ

cnbc.com

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