The US economy added 175,000 jobs in April 2024, a deceleration compared to the upwardly revised 315,000 jobs added in March and falling short of market expectations for a 243,000 increase. The latest data underscores a significant slowdown from the brisk pace observed in the first quarter and trails behind the average monthly gain of 242,000 jobs over the preceding 12 months. Within the job market, the healthcare sector saw an increase of 56,000 jobs in April, with gains reported in ambulatory health care services (+33,000), hospitals (+14,000), and nursing and residential care facilities (+9,000). Social assistance employment levels also rose by 31,000, primarily driven by gains in individual and family services (+23,000). Additionally, the transportation and warehousing sector added 22,000 jobs, with notable increases in couriers and messengers (+8,000) and warehousing and storage (+8,000). source: U.S. Bureau of Labor Statistics

Non Farm Payrolls in the United States increased by 175 thousand in April of 2024. Non Farm Payrolls in the United States averaged 125.48 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 May of 2024.

Non Farm Payrolls in the United States increased by 175 thousand in April 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
2024-04-05 12:30 PM
Non Farm Payrolls
Mar 303K 270K 200K 200.0K
2024-05-03 12:30 PM
Non Farm Payrolls
Apr 175K 315K 243K 238K
2024-06-07 12:30 PM
Non Farm Payrolls
May 175K 151.0K

Components Last Previous Unit Reference
Government Payrolls 8.00 72.00 Thousand Apr 2024
Manufacturing Payrolls 8.00 -4.00 Thousand Apr 2024
Nonfarm Payrolls Private 167.00 243.00 Thousand Apr 2024

Related Last Previous Unit Reference
ADP Employment Change 192.00 208.00 Thousand Apr 2024
Average Hourly Earnings MoM 0.20 0.30 percent Apr 2024
Average Hourly Earnings YoY 3.90 4.10 percent Apr 2024
Average Weekly Hours 34.30 34.40 Hours Apr 2024
Challenger Job Cuts 64789.00 90309.00 Persons Apr 2024
JOLTs Job Openings 8488.00 8813.00 Thousand Mar 2024
Participation Rate 62.70 62.70 percent Apr 2024
Non Farm Payrolls 175.00 315.00 Thousand Apr 2024
Unemployment Rate 3.90 3.80 percent Apr 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
175.00 315.00 4615.00 -20477.00 1939 - 2024 Thousand Monthly
SA


News Stream
US Job Growth Slows Faster Than Expected
The US economy added 175,000 jobs in April 2024, a deceleration compared to the upwardly revised 315,000 jobs added in March and falling short of market expectations for a 243,000 increase. The latest data underscores a significant slowdown from the brisk pace observed in the first quarter and trails behind the average monthly gain of 242,000 jobs over the preceding 12 months. Within the job market, the healthcare sector saw an increase of 56,000 jobs in April, with gains reported in ambulatory health care services (+33,000), hospitals (+14,000), and nursing and residential care facilities (+9,000). Social assistance employment levels also rose by 31,000, primarily driven by gains in individual and family services (+23,000). Additionally, the transportation and warehousing sector added 22,000 jobs, with notable increases in couriers and messengers (+8,000) and warehousing and storage (+8,000).
2024-05-03
US Job Growth Likely Remained Strong in April
The US economy likely added 243,000 jobs in April 2024, a slight deceleration compared to the 303,000 jobs added in March, with many economists expecting continued job growth in sectors such as construction and leisure, partially fueled by a recent surge in immigration. While it represents a slowdown from the rapid pace seen in the first quarter, it remains above the average pace observed in the latter half of 2023. Simultaneously, markets are forecasting a 0.3% increase in average hourly earnings for April, mirroring the uptick seen in March, which would result in a year-over-year growth rate of 4%, the smallest annual increase since June 2021. Additionally, both the unemployment rate and labor force participation rate are expected to hold steady at 3.8% and 62.7%, respectively.
2024-05-03
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