nonfarm payroll

It counts jobs reported on private and government payrolls and differs in sample and concept from household-survey employment. It is a key gauge of hiring and the business cycle, but monthly estimates can be revised.

Predictions & track record (1)

• Awaiting grading 7.4 million openings, 44,000 ADP jobs, and a services employment gauge back below 50Scored on the July nonfarm payroll change in the US jobs report of 2026-08-07.

2 related posts

• Watch Unemployment Fell to 4.1%, but Employment Fell by 87,000 Charlie Bilello · 2026-08-07
• Watch 7.4 million openings, 44,000 ADP jobs, and a services employment gauge back below 50 Mohamed El-Erian (@elerianm) · 2026-08-05