Independent. Objective. Accurate.

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 Oct 2023 156923 ±0
1 Nov 2023 157127 ±43
2 Dec 2023 157292 ±48
3 Jan 2024 157399 ±51
4 Feb 2024 157305 ±53
5 Mar 2024 157132 ±54
6 Apr 2024 156849 ±56
7 May 2024 156520 ±57
8 Jun 2024 156051 ±58

Download Historical Data

Get the Rest of the Story with the 5 Year Forecast!

Chart of Nonfarm Payroll Jobs with Forecast.

Thousand 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 Resources:

A long range forecast for Nonfarm Payroll, Unemployment Rate and similar economic series is available by subscription.  Click here for more information or to subscribe.

Current Economic Indicators
December 04, 2023
Indicator Value
S&P 500 4569.78
U.S. GDP Growth, YoY % 3.00
U.S. Inflation Rate, % 3.24
Gold Price, $/oz-t 2028.85
Crude Oil Futures, $/bbl 73.04
U.S. 10 Year Treasury, % 4.28

Popular Forecasts