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nonfarm payrolls

nonfarm payrolls latest publications

May 7, 2021

U.S. | Modest job gains in April suggest a full-speed recovery is still elusive

April’s job creation was shockingly below expectations. The unemployment rate increased slightly as more people entered the labor force encouraged by vaccinations and reopenings. Overall, labor market conditions suggest that the recovery is still vulnerable.
  • Geography Tags
  • USA

April 2, 2021

U.S. | Strong job creation backed by vaccination, reopenings and massive fiscal support

March saw an addition of 916,000 jobs to nonfarm payroll and a drop in the unemployment rate by 0.2pp to 6.0%. This high uptick in the employment situation was brought about by a successful vaccination campaign, the ongoing reopening of the economy and massive fiscal support.
  • Geography Tags
  • USA

March 5, 2021

U.S. | Solid employment figures show the recovery is on track

In February, the economy added 379,000 nonfarm payroll jobs while the unemployment rate edged down to 6.2%. To secure a faster recovery, policymakers should continue provisioning ample fiscal and monetary support. Premature removal of either could threaten the prospects of the recovery.
  • Geography Tags
  • USA

February 5, 2021

U.S. | Tepid employment report underscores need for additional stimulus

January’s labor market report continued to show strains from the resurgence in Covid-19 cases, with nonfarm payrolls relatively unchanged at +46K. Despite the tepid hiring conditions, the unemployment rate fell 40bp to 6.3%, with the number of unemployed dropping by 600K.
  • Geography Tags
  • USA

December 4, 2020

U.S. | The labor market loses momentum, confirming the need for additional stimulus

Nonfarm payrolls rose by 245K in November, down from 610K in October and lower than market expectations (432K). Meanwhile, the unemployment rate edged down to 6.7% from 6.9% in October. November’s employment figures suggest that the labor market is losing momentum as the pandemic worsens, and fiscal support wanes down.
  • Geography Tags
  • USA

October 2, 2020

U.S. | Labor market conditions remain upbeat in September

With health related outcomes improving and economic activity normalizing, the labor market continued to show signs of improvement in September.
  • Geography Tags
  • USA

September 4, 2020

U.S. | Signs of sustained labor market momentum in August

The labor market continued to improve in August with nonfarm payrolls growing by 1.4M and the unemployment rate dropping to 8.4%. The number of persons on temporary layoff declined by 3.1M while the labor force participation edged up to 61.7%.
  • Geography Tags
  • USA

August 7, 2020

U.S. | July’s employment report reaffirms recovery ongoing

Today’s labor market report once again showed that the economy is on the mend. However, this environment creates more complexity for Congress, as it supports arguments from both sides of the aisle. That said, Fed officials will continue to take additional steps as it transitions from “stabilization” to “accommodation”.
  • Geography Tags
  • USA