Nonfarm payrolls, formally the Total Nonfarm Payroll Employment count, measure the net monthly change in the number of paid US workers in business and government, excluding farm workers, private household employees, and unincorporated self-employed individuals, and are compiled by the Bureau of Labor Statistics from a survey of roughly 149,000 businesses and government agencies covering about a third of all nonfarm payroll workers. Released on the first Friday of each month as part of the Employment Situation report, the nonfarm payrolls figure is one of the most closely watched economic releases in global financial markets because of how quickly it reflects real-time hiring and layoff trends.
Facts
Classification
Release FrequencySourced to the subject's own account Timing Class Geography
Geographic ScopeUnited States (U.S. Bureau of Labor Statistics) 3 In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Nonfarm payrolls (Wikipedia)
WikipediaWikipedia, "Nonfarm payrolls", lead section
Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. Approximately 80% of the workforce is accounted for nonfarm payrolls and it excludes farm workers, private household employees, actively serving military or non-profit organization employees. Approximately 131,000 businesses and government agencies, which amounts to around 670,000 worksites, are surveyed on a monthly basis.
Introduction, frequency
Nonfarm payrolls, formally the Total Nonfarm Payroll Employment count, measure the net monthly change in the number of paid US workers in business and government, excluding farm workers, private household employees, and unincorporated self-employed individuals, and are compiled by the Bureau of Labor Statistics from a survey of roughly 149,000 businesses and government agencies covering about a third of all nonfarm payroll workers.
View the Source 2. US Leading Indicators (The Conference Board)
3. U.S. Bureau of Labor Statistics
Federal Reserve Bank of St. Louis (FRED): All Employees, Total Nonfarm (PAYEMS)
Federal Reserve Bank of St. Louis (FRED)In Group: Payrolls, Hours, Earnings and Job Flows, Page textQuote, In Group: Payrolls, Hours, Earnings and Job Flows, Page text
To closely examine seasonal and non-seasonal changes, the BLS releases two monthly statistical measures: the seasonally adjusted All Employees: Total Nonfarm (PAYEMS) and All Employees: Total Nonfarm (PAYNSA), which is not seasonally adjusted.
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