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 June 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.