The US economy unexpectedly added 339K jobs in May 2023, the most in four months, and way above market forecasts of 190K. Figures for March and April were revised up, bringing employment 93K higher than previously reported. In May, job gains occurred in professional and business services (64K), namely professional, scientific, and technical services; government (56K); health care (52K); leisure and hospitality (48K); construction (25K); transportation and warehousing (24K); and social assistance (22K). Employment was little changed over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade; information; financial activities; and other services. Figures continue to point to a tight labour market, with employment rising by an average of 314K per month so far this year. Leisure and hospitality is still trending up, with the sector adding an average of 77K jobs per month over the prior 12 months. source: U.S. Bureau of Labor Statistics

Non Farm Payrolls in the United States averaged 124.69 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 June of 2023.

Non Farm Payrolls in the United States is expected to be 250.00 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 Actual Previous Consensus TEForecast
2023-05-05 12:30 PM Apr 253K 165K 180K 190.0K
2023-06-02 12:30 PM May 339K 294K 190K 180.0K
2023-07-07 12:30 PM Jun 339K 250.0K


Related Last Previous Unit Reference
Unemployment Rate 3.70 3.40 percent May 2023
Non Farm Payrolls 339.00 294.00 Thousand May 2023
Government Payrolls 56.00 41.00 Thousand May 2023
Nonfarm Payrolls Private 283.00 253.00 Thousand May 2023
Manufacturing Payrolls -2.00 10.00 Thousand May 2023
ADP Employment Change 278.00 291.00 Thousand May 2023
Average Hourly Earnings 0.30 0.40 percent May 2023
Average Weekly Hours 34.30 34.40 Hours May 2023
Labor Force Participation Rate 62.60 62.60 percent May 2023
Job Offers 10103.00 9745.00 Thousand Apr 2023
Challenger Job Cuts 80089.00 66995.00 Persons May 2023
Average Hourly Earnings YoY 4.30 4.40 percent May 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
339.00 294.00 4565.00 -20514.00 1939 - 2023 Thousand Monthly

News Stream
US Job Growth Beats at 339K
The US economy unexpectedly added 339K jobs in May 2023, the most in four months, and way above market forecasts of 190K. Figures for March and April were revised up, bringing employment 93K higher than previously reported. In May, job gains occurred in professional and business services (64K), namely professional, scientific, and technical services; government (56K); health care (52K); leisure and hospitality (48K); construction (25K); transportation and warehousing (24K); and social assistance (22K). Employment was little changed over the month in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; retail trade; information; financial activities; and other services. Figures continue to point to a tight labour market, with employment rising by an average of 314K per month so far this year. Leisure and hospitality is still trending up, with the sector adding an average of 77K jobs per month over the prior 12 months.
2023-06-02
US Job Growth to Slow to 190K
The US economy is expected to have added 190K jobs in May 2023, marking the second lowest reading since December of 2020, following a rise of 253K in April. It would also be below the 2023 monthly average of 284.5K, but it still remains well above 70K-100K needed per month to keep up with growth in the working-age population. Leisure and hospitality likely added the most jobs. On the other hand, employment in manufacturing is expected to show little change, and layoffs in the tech sector are set to continue. Also, the ongoing strike by the Writers Guild of America could have an impact on professional and business services category. Meanwhile, the unemployment rate is seen edging up to 3.5% from 3.4% but remaining close to five-decade lows. Wages are projected to have risen 0.3%, below 0.5% in April, and annual pay growth is also expected to remain steady at 4.4%.
2023-06-02
Nonfarm Payrolls Top Forecasts
The US economy unexpectedly added 253K jobs in April 2023, beating forecasts of 180K and following a downwardly revised 165K in March. Employment continued to trend up in professional and business services (43K); health care (40K), namely ambulatory services (24K); leisure and hospitality (31K), mainly food services and drinking places (25K); and social assistance (25K). Employment also increased in financial activities (23K); government (23K); and mining, quarrying, and oil and gas extraction (6K). On the other hand, employment was little changed in construction, manufacturing, wholesale trade, retail trade, transportation and warehousing, information, and other services. The April number largely exceeds the 70K-100K monthly job gain needed to keep up with growth in the working-age population and compares with the average monthly gain of 290K over the prior 6 months. The March reading was revised sharply lower to 165K from an initial estimate of 236K.
2023-05-05