The Financial Forecast Center™
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|Month||Date||Forecast Value||Avg Error|
Updated Feb 2017
The U.S. Total Nonfarm Payroll is a measure of the number of U.S. workers in the economy that excludes proprietors, private household employees, unpaid volunteers, farm employees and the unincorporated self-employed. This measure accounts for approximately 80 percent of the workers who contribute to Gross Domestic Product (GDP).
The total nonfarm payroll provides useful insights into the current economic situation because it can represent the number of jobs added or lost in an economy. Increases in employment might indicate that businesses are hiring which might also suggest that businesses are growing. Additionally, those who are newly employed may have increased their personal incomes, which means (all else constant) their disposable incomes may have also increased.
A long range forecast for Payroll Labor Force and similar economic series is available by subscription. Click here to subscribe to the Extended Forecasts.
|February 23, 2017 (Close of Day)|
|US GDP Growth, %||1.90|
|US Inflation Rate, %||2.50|
|US Unemployment Rate, %||4.8|
|Gold Price, $/oz||1,247.90|
|WTI Crude Oil Futures, $/bbl||54.36|
|US 10 Yr Treasury, %||2.38|