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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 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.

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
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

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