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 | Apr 2024 | 158286 | ±0 |
| 1 | May 2024 | 158492 | ±43 |
| 2 | Jun 2024 | 158647 | ±48 |
| 3 | Jul 2024 | 158774 | ±51 |
| 4 | Aug 2024 | 158677 | ±53 |
| 5 | Sep 2024 | 158535 | ±54 |
| 6 | Oct 2024 | 158329 | ±56 |
| 7 | Nov 2024 | 158076 | ±57 |
| 8 | Dec 2024 | 157508 | ±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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| May 13, 2024 | |
| Indicator | Value |
|---|---|
| S&P 500 | 5221.42 |
| U.S. GDP Growth, YoY % | 2.97 |
| U.S. Inflation Rate, % | 3.48 |
| Gold Price, $/oz-t | 2336.14 |
| Crude Oil Futures, $/bbl | 79.12 |
| U.S. 10 Year Treasury, % | 4.48 |