United States Non Farm Payrolls

Last Release

Jun 30, 2024

Actual

206

Units In

Thousand

218

Frequency

Monthly

Next Release

Aug 02, 2024

Time to Release

25 Days 2 Hours

Highest	Lowest	Average	Date Range	Source
4,846 Jun 2020	-20,679 Apr 2020	125.46 Thousand	1939-2024	U.S. Bureau of Labor Statistics

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.

Latest Updates

The US economy added 206K jobs in June 2024, slightly below a downwardly revised 218K in May and above forecasts of 190K. Data for May was revised sharply lower from an initial 272K and the April reading was also revised down by 57K to 108K. With these revisions, employment in April and May combined is 111K lower than previously reported. In June, job gains occurred in government (70K), mostly local government, excluding education (34K) and in state government (26K); health care (49K), namely ambulatory health care services (22K) and hospitals (22K); social assistance (34K); and construction (27K). In contrast, job losses occurred in retail trade (-9), manufacturing (-8K) and professional and business services (-17K). June figures continued to point to a strong, albeit cooling labour market. The average monthly payroll growth for this year has been 222K, compared to 251K in 2023 and 377K in 2022.