The American economy added 850K jobs in June, the strongest job growth in 10 months, and well above market forecasts of 700K. Notable job gains in June occurred in leisure and hospitality (343K) as pandemic-related restrictions continued to ease in some parts of the country; public (230K) and private education (39K); professional and business services (72K); retail trade (67K) and other services (56K). Still, nonfarm payroll employment is down by 6.8 million, or 4.4 percent, from its pre-pandemic level in February 2020. Labour shortages continue to weigh on capacity production as many companies struggle to hire employees as enhanced unemployment benefits, ongoing child care responsibilities and health concerns may discourage some workers to find a job. To cope with the absence of workers, companies raise wages and benefits. Average hourly earnings increased 0.3%, below forecasts of 0.4%. source: U.S. Bureau of Labor Statistics
Non Farm Payrolls in the United States averaged 117.13 Thousand from 1939 until 2021, reaching an all time high of 4846 Thousand in June of 2020 and a record low of -20679 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 2021.
Non Farm Payrolls in the United States is expected to be 430.00 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 280.00 Thousand in 2022, according to our econometric models.