United States Non Farm Payrolls
Aug 31, 2023
Oct 06, 2023
Time to Release
1 Months 2 Days 11 Hours
|124.34 Thousand||1939-2023||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.
The US economy added 187,000 jobs in August 2023, compared to the downwardly revised 157,000 in July and more than market expectations of 170,000. Still, it was the third consecutive month with job gains falling below the 200,000 threshold, indicating a gradual easing of labor market conditions, largely attributed to the Federal Reserve's significant interest rate hikes aimed at cooling down inflation. Employment continued to trend up in health care (+71,000), leisure and hospitality (+40,000), social assistance (+26,000), and construction (+22,000). On the other hand, transportation and warehousing lost 34,000 jobs, as the bankruptcy of Yellow, a major trucking company, left about 30,000 workers without jobs. Information employment changed little (-15,000), with employment in motion picture and sound recording industries decreasing by 17,000, reflecting the absence of striking Hollywood actors, who are not counted as employed.
United States Non Farm Payrolls History
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