The US economy added 303K jobs in March 2024, the most in ten months, compared to a downwardly revised 270K in February and forecasts of 200K. January data was also revised up, so employment in January and February combined is 22K higher than previously reported. Employment gains remain elevated by historical standards and continue to surpass the 70K to 100K needed monthly to keep up with the expanding working-age population. In March, job gains occurred in health care (72K), namely ambulatory health care services (28K) and hospitals (27K); government (71K), namely local government (49K); and construction (39K). At the same time, employment rose in leisure and hospitality (49K), returning to its pre-pandemic level. Employment showed little or no change in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; transportation and warehousing; information; financial activities; and professional and business services. source: U.S. Bureau of Labor Statistics

Non Farm Payrolls in the United States increased by 303 thousand in March of 2024. Non Farm Payrolls in the United States averaged 125.45 Thousand from 1939 until 2024, reaching an all time high of 4615.00 Thousand in June of 2020 and a record low of -20477.00 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 April of 2024.

Non Farm Payrolls in the United States increased by 303 thousand in March of 2024. Non Farm Payrolls in the United States is expected to be 160.00 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 170.00 Thousand in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-03-08 01:30 PM
Non Farm Payrolls
Feb 275K 229K 200K 195K
2024-04-05 12:30 PM
Non Farm Payrolls
Mar 303K 270K 200K 200.0K
2024-05-03 12:30 PM
Non Farm Payrolls
Apr 303K 190.0K

Components Last Previous Unit Reference
Government Payrolls 71.00 63.00 Thousand Mar 2024
Manufacturing Payrolls 0.00 -10.00 Thousand Mar 2024
Nonfarm Payrolls Private 232.00 207.00 Thousand Mar 2024

Related Last Previous Unit Reference
ADP Employment Change 184.00 155.00 Thousand Mar 2024
Average Hourly Earnings MoM 0.30 0.20 percent Mar 2024
Average Hourly Earnings YoY 4.10 4.30 percent Mar 2024
Average Weekly Hours 34.40 34.30 Hours Mar 2024
Challenger Job Cuts 90309.00 84638.00 Persons Mar 2024
JOLTs Job Openings 8756.00 8748.00 Thousand Feb 2024
Participation Rate 62.70 62.50 percent Mar 2024
Non Farm Payrolls 303.00 270.00 Thousand Mar 2024
Unemployment Rate 3.80 3.90 percent Mar 2024

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
303.00 270.00 4615.00 -20477.00 1939 - 2024 Thousand Monthly
SA

News Stream
Non Farm Payrolls Highest in 10 Months
The US economy added 303K jobs in March 2024, the most in ten months, compared to a downwardly revised 270K in February and forecasts of 200K. January data was also revised up, so employment in January and February combined is 22K higher than previously reported. Employment gains remain elevated by historical standards and continue to surpass the 70K to 100K needed monthly to keep up with the expanding working-age population. In March, job gains occurred in health care (72K), namely ambulatory health care services (28K) and hospitals (27K); government (71K), namely local government (49K); and construction (39K). At the same time, employment rose in leisure and hospitality (49K), returning to its pre-pandemic level. Employment showed little or no change in other major industries, including mining, quarrying, and oil and gas extraction; manufacturing; wholesale trade; transportation and warehousing; information; financial activities; and professional and business services.
2024-04-05
US Labour Market Seen Cooling in March
The US economy is set to add 200K jobs in March 2024, the least in four months, compared to 275K in February. Figures are expected to point to a cooling labour market, although employment gains would remain elevated by historical standards and continue to surpass the 70K to 100K needed monthly to keep up with the expanding working-age population. Meanwhile, the unemployment rate is expected to remain steady at 3.9%, holding at two-year highs. Also, wages likely rose 0.3% month over month, above 0.1% in February, which was the smallest gain in two years. Year-on-year wages are set to grow by 4.1%, the least since June 2021.
2024-04-05
US Economy Adds More Jobs Than Expected
The US economy added 275K jobs in February 2024, beating forecasts of 200K and higher than a downwardly revised 229K in January. Job gains occurred in health care (67K), mostly health care services (28K) and hospitals (28K); government (52K), namely local government, excluding education (26K); food services and drinking places (42K), after changing little over the previous three months; social assistance (24K); and transportation and warehousing (20K), as couriers and messengers added 17K jobs, after losing 70K jobs over the prior 3 months. Employment also increased in construction (23K) but changed little in other major industries, including manufacturing (-4K). The January reading was revised sharply lower from an initial 353K which was the highest in a year. The December reading was also revised lower by 43K to 290K. With the January and December revisions, employment combined is 167K lower than previously reported.
2024-03-08