8:30a Non-farm payrolls
Nonfarm Payrolls - M/M change 701,000 actual vs 275,000 (rev) prior
Unemployment Rate - Level 4.4% actual vs 3.5% prior
Private Payrolls - M/M change 713,000 actual vs 242,000 (rev) prior
Manufacturing Payrolls - M/M change -18,000 actual vs 13,000 (rev) prior
Participation Rate - level 62.7% actual vs 63.4% prior
Average Hourly Earnings - M/M change 0.4% actual vs 0.3% prior
Average Hourly Earnings - Y/Y change 3.1% actual vs 3.0% prior
Av Workweek - All Employees 34.2 hrs actual vs 34.4 hrs prior
Definition
The most closely watched of all economic indicators, the employment situation is a set of monthly labor market indicators based on two separate reports: the establishment survey which tracks 650,000 worksites and offers the nonfarm payroll and average hourly earnings headlines and the household survey which interviews 60,000 households and generates the unemployment rate.
Nonfarm payrolls track the number of part-time and full-time employees in both business and government. Average hourly earnings track employee pay while the average workweek, also part of the establishment survey, tracks the number of hours worked. The report's private payroll measure excludes government workers.
The unemployment rate measures the number of unemployed as a percentage of the labor force. In order to be counted as unemployed, one must be actively looking for work. Other commonly known data from the household survey include the labor supply and discouraged workers.
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