The US economy added 223K jobs in December of 2022, the least since December of 2020, after a downwardly revised 256K rise in November, and beating market expectations of 200K. Notable job gains occurred in leisure and hospitality (67K), health care (55K), construction (28K), and social assistance (20K) while employment changed little in manufacturing (8K), retail trade (9K) and government (3K). Payroll employment rose by 4.5 million in 2022, an average monthly gain of 375K, compared to 562K per month in 2021 and 168K in 2019. The report continued to show that hiring is slowing although it remains strong, as the labour market is normalizing after the pandemic shock. For 2023, the labour market is set to remain tight but job growth will slow further and the unemployment rate is set to rise to 4.6%, according to Fed forecasts. Many big tech firms have already announced massive layoffs amid rising interest rates, weak consumer demand, and a global economic slowdown. source: U.S. Bureau of Labor Statistics

Non Farm Payrolls in the United States averaged 122.97 Thousand from 1939 until 2022, reaching an all time high of 4846.00 Thousand in June of 2020 and a record low of -20679.00 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 January of 2023.

Non Farm Payrolls in the United States is expected to be 125.00 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
2022-12-02 01:30 PM Nov 263K 284K 200K 210K
2023-01-06 01:30 PM Dec 223K 256K 200K 220K
2023-02-03 01:30 PM Jan 223K 185K 190K


Related Last Previous Unit Reference
Unemployment Rate 3.50 3.60 percent Dec 2022
Non Farm Payrolls 223.00 256.00 Thousand Dec 2022
Nonfarm Payrolls Private 220.00 202.00 Thousand Dec 2022
Government Payrolls 3.00 54.00 Thousand Dec 2022
Manufacturing Payrolls 8.00 8.00 Thousand Dec 2022
ADP Employment Change 235.00 182.00 Thousand Dec 2022
Average Hourly Earnings 0.30 0.40 percent Dec 2022
Average Weekly Hours 34.30 34.40 Hours Dec 2022
Labor Force Participation Rate 62.30 62.20 percent Dec 2022
Job Offers 10458.00 10512.00 Thousand Nov 2022
Challenger Job Cuts 43651.00 76835.00 Persons Dec 2022
Average Hourly Earnings YoY 4.60 4.80 percent Dec 2022

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
223.00 256.00 4846.00 -20679.00 1939 - 2022 Thousand Monthly

News Stream
US NFP Beats Forecasts Again
The US economy added 223K jobs in December of 2022, the least since December of 2020, after a downwardly revised 256K rise in November, and beating market expectations of 200K. Notable job gains occurred in leisure and hospitality (67K), health care (55K), construction (28K), and social assistance (20K) while employment changed little in manufacturing (8K), retail trade (9K) and government (3K). Payroll employment rose by 4.5 million in 2022, an average monthly gain of 375K, compared to 562K per month in 2021 and 168K in 2019. The report continued to show that hiring is slowing although it remains strong, as the labour market is normalizing after the pandemic shock. For 2023, the labour market is set to remain tight but job growth will slow further and the unemployment rate is set to rise to 4.6%, according to Fed forecasts. Many big tech firms have already announced massive layoffs amid rising interest rates, weak consumer demand, and a global economic slowdown.
2023-01-06
NFP Seen at 200K in December
The US economy likely added 200K jobs in December of 2022, the least since December of 2020, after a 263K rise in November. The unemployment rate is seen steady at 3.7%, near a 50-year low. The December report will probably continue to show that hiring is slowing although it remains strong, as the labour market is normalizing after the pandemic shock. A 200K reading for December would put the average nonfarm payroll employment for 2022 at 375K, compared to 562K per month in 2021 and 168K in 2019. For 2023, the labour market is set to remain tight but job growth will slow further and the unemployment rate is set to rise to 4.6%, according to Fed forecasts. Many big tech firms have already announced massive layoffs amid rising interest rates, weak consumer demand, and a global economic slowdown. Meanwhile, wages likely rose 0.4%, less than 0.6% in the previous month and pushing the annual rate down to 5%, also below 5.1%.
2023-01-06
NFP Top Forecasts at 263K
The US economy unexpectedly added 263K jobs in November of 2022, beating market forecasts of 200K, and following an upwardly revised 284K in October. It is the lowest job gain since April last year, as the labour market is normalizing after the pandemic shock. Still, it continues to signal a healthy and tight market, above the pre-pandemic average of 150K-200K jobs created per month. Notable job gains occurred in leisure and hospitality (88K), including a gain of 62K in food services and drinking places; health care (45K); and government (42K), mostly in local government (32K). In contrast, employment declined in retail trade (-30K), namely general merchandise stores (-32K), electronics and appliance stores (-4K), and furniture stores (-3K); and in transportation and warehousing (-15K). Monthly job growth has averaged 392K thus far in 2022, compared with 562K per month in 2021.
2022-12-02