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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 Jun 2020 137802 ±0
1 Jul 2020 141330 ±43
2 Aug 2020 140160 ±48
3 Sep 2020 139550 ±51
4 Oct 2020 139190 ±53
5 Nov 2020 139260 ±54
6 Dec 2020 140290 ±56
7 Jan 2021 140480 ±57
8 Feb 2021 140710 ±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
August 04, 2020
Indicator Value
S&P 500 3306.51
U.S. GDP Growth, YoY % -9.54
U.S. Inflation Rate, % 0.65
Gold Price, $/oz-t 2019.40
Crude Oil Futures, $/bbl 41.53
U.S. 10 Year Treasury, % 0.52

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