The US economy added 638K jobs in October, easing from an upwardly revised 672K in the previous month, but above market expectations of 600K. Still, it is the smallest employment gain since the job market started to recover in May from a record 20.787 million loss in April. The biggest job gains occurred in leisure and hospitality (271K), professional and business services (208K), retail trade (104K), and construction (84K). Meanwhile, employment in government declined by 268K. The outlook for the labour market remains challenging as out of more than 22 million jobs lost in March and April only 12 million were recovered and the new stimulus bill which would provide support to millions of Americans would not be approved anytime soon. source: U.S. Bureau of Labor Statistics
Non Farm Payrolls in the United States averaged 114.63 Thousand from 1939 until 2020, reaching an all time high of 4781 Thousand in June of 2020 and a record low of -20787 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 December of 2020.
Non Farm Payrolls in the United States is expected to be 1000.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Farm Payrolls in the United States to stand at 130.00 in 12 months time. In the long-term, the United States Non Farm Payrolls is projected to trend around 107.00 Thousand in 2021 and 170.00 Thousand in 2022, according to our econometric models.