The US economy added 4.8 million jobs in June, the most on record and beating expectations of 3 million. It follows an upwardly revised 2.7 million rise in May reflecting a partial resumption of economic activity that had been curtailed due to the coronavirus pandemic in April and March when employment fell by a total of 22.2 million in the 2 months combined. However, the job market still has a long way for a full recovery. Many economists believe the numbers do not capture the full scale of job losses as many are being still classified as employed but are absent from work. In addition, several states are scaling back or pausing reopening efforts to respond to the second wave of coronavirus infections and more people may lose their jobs.
Non Farm Payrolls in the United States averaged 110.42 Thousand from 1939 until 2020, reaching an all time high of 4800 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 July of 2020. source: U.S. Bureau of Labor Statistics
Non Farm Payrolls in the United States is expected to be 4000.00 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 280.00 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.