U.S. Jobs Growth Forecast (Nonfarm Payrolls)
Jobs Growth Forecast Summary
U.S. nonfarm payrolls are projected to increase by 56,000 jobs in October 2026 and 62,000 in November. The smallest projected monthly gain is 17,000 jobs in December 2026.
After gains of 96,000 in January 2027 and 24,000 in February, the forecast strengthens to 100,000 in March, 150,000 in April and 179,000 in May, the largest monthly gain in the published eight-month forecast.
See the monthly forecast and average error estimates, nonfarm payrolls growth trend chart, downloadable historical and forecast data and forecast methodology.
Figures in the table show the month-to-month change in nonfarm payroll employment, measured in thousands of jobs. A table value of 56.0 represents a gain of 56,000 jobs.
Nonfarm Payrolls Growth Forecast Values by Month
Monthly change in U.S. nonfarm payroll employment. Thousands of jobs.
| Month | Date | Forecast Value | Avg Error |
|---|---|---|---|
| 1 | Nov 2026 | 120.0 | ±43.0 |
| 2 | Dec 2026 | 43.0 | ±47.9 |
| 3 | Jan 2027 | 108.0 | ±50.8 |
| 4 | Feb 2027 | 73.0 | ±52.8 |
| 5 | Mar 2027 | 120.0 | ±54.4 |
| 6 | Apr 2027 | 170.0 | ±55.7 |
| 7 | May 2027 | 196.0 | ±56.8 |
| 8 | Jun 2027 | 154.0 | ±57.8 |
Download Historical and Forecast Data
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U.S. Nonfarm Payrolls Growth Trend Chart with Forecast
Monthly change in nonfarm payroll employment, in thousands of jobs. Includes historical and forecast values.
Related Jobs Growth Forecasts and Data
| November 12, 2026 | |
| Indicator | Value |
|---|---|
| S&P 500 | 7592.40 |
| U.S. GDP Growth, YoY % | 2.07 |
| U.S. Inflation Rate, % | 3.94 |
| Gold Price, $/oz-t | 3871.40 |
| Crude Oil Futures, $/bbl | 89.08 |
| U.S. 10 Year Treasury, % | 5.10 |