The US economy added 559K jobs in May of 2021, above an upwardly revised 278K in April but below market forecasts of 650K. That leaves employment about 7.6 million jobs below its peak in February 2020. Notable job gains occurred in leisure and hospitality (292K), in public (103K) and private education (41K), and in health care and social assistance (46K). Still, supply constraints, rising inflation and labor shortages are weighing on capacity production as many workers mostly women, remain at home and government subsidies may discourage some workers to find a job. As such, businesses have been struggling to rehire workers to cope with surging demand, prompting them to raise wages in a bid to attract new employees. Yet, hourly earnings surged 0.5%, above forecasts of 0.2%. source: U.S. Bureau of Labor Statistics
Non Farm Payrolls in the United States averaged 116.35 Thousand from 1939 until 2021, 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 June of 2021.
Non Farm Payrolls in the United States is expected to be 380.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Non Farm Payrolls in the United States to stand at 250.00 in 12 months time. In the long-term, the United States Non Farm Payrolls is projected to trend around 280.00 Thousand in 2022, according to our econometric models.