The US economy created 187K jobs in July of 2023, below market expectations of 200K and following a downwardly revised 185K in June. The reading is also below the average monthly gain of 312K over the prior 12 months but remains about twice the 70K-100K needed per month to keep up with growth in the working-age population. Job gains occurred in health care (63K), namely ambulatory health care services (35K) and hospitals (16K); social assistance (24K); financial activities (19K), namely real estate and rental and leasing (12K); and wholesale trade (18K). Employment in leisure and hospitality increased by 17K but job gains in the sector have shown little employment change in recent months, following average monthly gains of 67K in Q1. However, employment in leisure and hospitality remains below its February 2020 level by 352K. Payroll figures for May were also revised lower. With these revisions, employment in May and June combined is 49K lower than previously reported. source: U.S. Bureau of Labor Statistics

Non Farm Payrolls in the United States averaged 124.67 Thousand from 1939 until 2023, reaching an all time high of 4565.00 Thousand in June of 2020 and a record low of -20514.00 Thousand in April of 2020. This page provides the latest reported value for - United States Non Farm Payrolls - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Non Farm Payrolls - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Non Farm Payrolls in the United States is expected to be 50.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Non Farm Payrolls is projected to trend around 180.00 Thousand in 2024 and 170.00 Thousand in 2025, according to our econometric models.

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United States Non Farm Payrolls



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-07 12:30 PM Jun 209K 306K 225K 250.0K
2023-08-04 12:30 PM Jul 187K 185K 200K 190K
2023-09-01 12:30 PM Aug 187K 170K 180.0K


Related Last Previous Unit Reference
Unemployment Rate 3.50 3.60 percent Jul 2023
Non Farm Payrolls 187.00 185.00 Thousand Jul 2023
Government Payrolls 15.00 57.00 Thousand Jul 2023
Nonfarm Payrolls Private 172.00 128.00 Thousand Jul 2023
Manufacturing Payrolls -2.00 6.00 Thousand Jul 2023
ADP Employment Change 177.00 371.00 Thousand Aug 2023
Average Hourly Earnings 0.40 0.40 percent Jul 2023
Average Weekly Hours 34.30 34.40 Hours Jul 2023
Labor Force Participation Rate 62.60 62.60 percent Jul 2023
Job Offers 8827.00 9165.00 Thousand Jul 2023
Challenger Job Cuts 23697.00 40709.00 Persons Jul 2023
Average Hourly Earnings YoY 4.40 4.40 percent Jul 2023

United States Non Farm Payrolls
Nonfarm payrolls is an employment report released monthly, usually on the first Friday of every month, and heavily affects the US dollar, the bond market and the stock market. Current Employment Statistics (CES) program from the U.S. Department of Labor Bureau of Labor Statistics, surveys about 141,000 businesses and government agencies, representing approximately 486,000 individual work sites, in order to provide detailed industry data on employment, hours, and earnings of workers on nonfarm payrolls.
Actual Previous Highest Lowest Dates Unit Frequency
187.00 185.00 4565.00 -20514.00 1939 - 2023 Thousand Monthly

News Stream
US Economy Adds Fewer Jobs than Expected
The US economy created 187K jobs in July of 2023, below market expectations of 200K and following a downwardly revised 185K in June. The reading is also below the average monthly gain of 312K over the prior 12 months but remains about twice the 70K-100K needed per month to keep up with growth in the working-age population. Job gains occurred in health care (63K), namely ambulatory health care services (35K) and hospitals (16K); social assistance (24K); financial activities (19K), namely real estate and rental and leasing (12K); and wholesale trade (18K). Employment in leisure and hospitality increased by 17K but job gains in the sector have shown little employment change in recent months, following average monthly gains of 67K in Q1. However, employment in leisure and hospitality remains below its February 2020 level by 352K. Payroll figures for May were also revised lower. With these revisions, employment in May and June combined is 49K lower than previously reported.
2023-08-04
US Economy Seen Adding 200K Payrolls
The US economy likely created 200K jobs in July of 2023, which would be the lowest reading since December of 2020, following a rise of 209K in June. Still, it would remain about twice the 70K-100K needed per month to keep up with growth in the working-age population. Meanwhile, the unemployment rate is seen steady at 3.6%, continuing to stay close to five-decade lows. Wages are projected to have risen 0.3%, below 0.4% in June and annual pay growth is anticipated to slightly decrease to 4.2% from 4.4%. The labor market has proven to be resilient in the face of higher interest rates and inflationary pressures, despite signs of cooling. Employment in certain sectors, such as leisure and hospitality, local government, and education, has not fully recovered to pre-pandemic levels yet. Since the beginning of the year, the economy has added 1.669 million jobs.
2023-08-04
US Economy Adds 209K Jobs
The US economy added 209K jobs in June 2023, following a downwardly revised 306K in May, and below market forecasts of 225K. It is the lowest reading since December of 2020, but remaining more than twice the 70K-100K needed per month to keep up with growth in the working-age population. Employment increased mostly in government (60K), namely local government (32K); health care (41K), mostly hospitals (15K), nursing and residential care facilities (12K); social assistance (24K); construction (23K); professional and business services (21K); and leisure and hospitality (21K). Employment in leisure and hospitality remains below its February 2020 level by 369K. Meanwhile, employment fell in retail trade (-11K) and transportation and warehousing (-7K) and changed little for mining, quarrying, and oil and gas extraction; and manufacturing. Nonfarm employment has grown by an average of 278K per month over the first 6 months of 2023, lower than the average of 399K per month in 2022.
2023-07-07