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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 Dec 2019 152383 ±0
1 Jan 2020 152598 ±43
2 Feb 2020 152797 ±48
3 Mar 2020 153020 ±51
4 Apr 2020 153282 ±53
5 May 2020 153483 ±54
6 Jun 2020 153764 ±56
7 Jul 2020 153937 ±57
8 Aug 2020 154242 ±58

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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
January 24, 2020
Indicator Value
S&P 500 3295.47
U.S. GDP Growth, % 2.07
U.S. Inflation Rate, % 2.29
Gold Price, $/oz t 1571.60
Crude Oil Futures, $/bbl 54.20
U.S. 10 Year Treasury, % 1.70

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