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.