The US economy added 390K payrolls in May of 2022, the least since April last year but above market forecasts of 325K. The latest reading left the economy 822K jobs or 0.5% below its pre-pandemic level, in a sign, that the labor market remains resilient and is getting close to full employment. Notable job gains occurred in leisure and hospitality (84K), namely food services and drinking places (46K) and accommodation (21K); professional and business services (75K); and in transportation and warehousing (47K), namely warehousing and storage (18K), truck transportation (13K), and air transportation (6K). Manufacturing employment continued to rise (18K), namely in fabricated metal products (7K), wood products (4K), and electronic instruments (3K). In contrast, employment in retail trade declined by 61K, mainly due to job losses in general merchandise stores (-33K). source: U.S. Bureau of Labor Statistics

Non Farm Payrolls in the United States averaged 121.80 Thousand from 1939 until 2022, reaching an all time high of 4846 Thousand in June of 2020 and a record low of -20679 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 July of 2022.

Non Farm Payrolls in the United States is expected to be 310.00 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 280.00 Thousand in 2023, according to our econometric models.

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United States Non Farm Payrolls



Calendar GMT Actual Previous Consensus TEForecast
2022-05-06 12:30 PM Apr 428K 428K 391K 415K
2022-06-03 12:30 PM May 390K 436K 325K 320K
2022-07-08 12:30 PM Jun 390K 270K 300K


Related Last Previous Unit Reference
Unemployment Rate 3.60 3.60 percent May 2022
Non Farm Payrolls 390.00 436.00 Thousand May 2022
Nonfarm Payrolls Private 333.00 405.00 Thousand May 2022
Government Payrolls 57.00 31.00 Thousand May 2022
Manufacturing Payrolls 18.00 61.00 Thousand May 2022
ADP Employment Change 128.00 202.00 Thousand May 2022
Average Hourly Earnings 0.30 0.30 percent May 2022
Average Weekly Hours 34.60 34.60 Hours May 2022
Labor Force Participation Rate 62.30 62.20 percent May 2022
Job Offers 11400.00 11855.00 Thousand Apr 2022
Challenger Job Cuts 20712.00 24286.00 Persons May 2022
Average Hourly Earnings YoY 5.20 5.50 percent May 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
390.00 436.00 4846.00 -20679.00 1939 - 2022 Thousand Monthly

News Stream
NFP Top Forecasts
The US economy added 390K payrolls in May of 2022, the least since April last year but above market forecasts of 325K. The latest reading left the economy 822K jobs or 0.5% below its pre-pandemic level, in a sign, that the labor market remains resilient and is getting close to full employment. Notable job gains occurred in leisure and hospitality (84K), namely food services and drinking places (46K) and accommodation (21K); professional and business services (75K); and in transportation and warehousing (47K), namely warehousing and storage (18K), truck transportation (13K), and air transportation (6K). Manufacturing employment continued to rise (18K), namely in fabricated metal products (7K), wood products (4K), and electronic instruments (3K). In contrast, employment in retail trade declined by 61K, mainly due to job losses in general merchandise stores (-33K).
2022-06-03
US Economy Seen Adding 325K Payrolls in May
The US economy likely added 325K payrolls in May of 2022 which would be the smallest albeit robust job gain since April last year. That would leave the economy less than 900K jobs below from its pre-pandemic level, in a sign the labour market remains resilient and is getting close to full employment. Meanwhile, wages are seen rising 0.4%, slightly higher than 0.3% in April but the annual rate is expected to have fallen to 5.2% from 5.5%, confirming inflationary pressures are easing but remain elevated. The unemployment rate probably fell to a new pre-pandemic low of 3.5% from 3.6%.
2022-06-03
US Economy Adds More Jobs Than Expected
The US economy added 428K jobs in April of 2022, the same as a downwardly revised 428K in March and above forecasts of 391K. It marks a 12th straight month of job gains above 400K but easing from a February gain of 714K amid an increasingly tight labor market. Employment increased across all sectors, with the largest gains occurring in leisure and hospitality (78K), namely food services and drinking places (44K) and accommodation (22K); manufacturing (55K), mainly durable goods (31K); and transportation and warehousing (52K). Still, that leaves the economy down by 1.2 million from its pre-pandemic level with leisure and hospitality (-1.44 million), local government (-596K), and education and health services (-409K) remaining considerably below March 2020 levels. Economists believe the labour market could soon start to slowdown as the economy gets close to full employment, which would provide some relief to hot wage growth at a time inflation is running at levels not seen since 1981.
2022-05-06