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U.S. Nonfarm Payrolls Forecast

U.S. Total Nonfarm Payrolls Forecast Values

Total Nonfarm Payroll Jobs. Thousands of People, Seasonally Adjusted.

Month Date Forecast Value Avg Error
0 Jul 2017 146,615.0 ±0
1 Aug 2017 146,838 ±40
2 Sep 2017 147,022 ±54
3 Oct 2017 147,171 ±64
4 Nov 2017 147,441 ±73
5 Dec 2017 147,674 ±80
6 Jan 2018 147,844 ±86

Updated Aug 2017

Chart of Nonfarm Payroll Jobs with Current Prediction.

Thousands People, Seasonally Adjusted.

Chart of Payroll Employment with Forecast

U.S. Total Nonfarm Payroll

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.

Other U.S. Employment Links of Interest:

A long range forecast for Payroll Labor Force and similar economic series is available by subscription.  Click here to subscribe to the Extended Forecasts.

Current Economic Indicators
September 19, 2017 (Close of Day)
Indicator Value
S&P 500 2,506.65
US GDP Growth, % 2.20
US Inflation Rate, % 1.94
US Unemployment Rate, % 4.4
Gold Price, $/oz 1,309.60
WTI Crude Oil Futures, $/bbl 49.83
US 10 Yr Treasury, % 2.24

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