The US economy added 916K jobs in March of 2021, the most in 7 months, following an upwardly revised 468K in February. It compares with market expectations of 647K, amid easing business restrictions, falling coronavirus infection rates, a fast vaccine rollout and continued support from the government. The largest job gains occurred in leisure and hospitality (280K), public and private education (190K), and construction (110K). Employment also increased in professional and business services (66K), manufacturing (53K) and transportation and warehousing (48K). Still, that leaves the economy about 8.4 million jobs short of the peak in February of 2020, as the job market still has a long way to go before fully recovering from the pandemic shock. Fed Chair Powell recently said there's a good reason to expect job creation to pick up in the coming months although it will take some time to get back to maximum employment. source: U.S. Bureau of Labor Statistics
Non Farm Payrolls in the United States averaged 115.75 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 May of 2021.
Non Farm Payrolls in the United States is expected to be 380.00 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 250.00 in 12 months time. 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.