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Near the beginning of every month, the U.S. Department of Labor releases one of the most anticipated pieces of economic data: the Employment Situation report, also known as the "jobs report" or the "labor report." This report attempts to measure various aspects of the labor market, including job creation, the unemployment rate, average hours worked, and how much money was earned. The jobs report is one of the best insights into the health of the U.S. economy, so it's important investors understand what the report says and how it can impact the markets. The report has several components. The unemployment rate is the total number of people in the workforce without jobs but who are still actively looking for work. The Nonfarm Payrolls monitors full- and part-time job creation while excluding seasonal jobs like planting and harvesting. The average work week is the average number of hours per week worked in nonfarm jobs. And the average hourly earnings or wages rate measures how much worker