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 | May 2023 | 156105 | ±0 |
| 1 | Jun 2023 | 156367 | ±43 |
| 2 | Jul 2023 | 156587 | ±48 |
| 3 | Aug 2023 | 156696 | ±51 |
| 4 | Sep 2023 | 156712 | ±53 |
| 5 | Oct 2023 | 156618 | ±54 |
| 6 | Nov 2023 | 156367 | ±56 |
| 7 | Dec 2023 | 156008 | ±57 |
| 8 | Jan 2024 | 155728 | ±58 |
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Chart of Nonfarm Payroll Jobs with Forecast.
Thousand People, Seasonally Adjusted.
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:
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| June 06, 2023 | |
| Indicator | Value |
|---|---|
| S&P 500 | 4283.85 |
| U.S. GDP Growth, YoY % | 1.62 |
| U.S. Inflation Rate, % | 4.93 |
| Gold Price, $/oz-t | 1963.33 |
| Crude Oil Futures, $/bbl | 71.74 |
| U.S. 10 Year Treasury, % | 3.70 |