U.S. Economic Metrics

Non Farm Payrolls Data Understanding And Analysis

Updated: Mar 25, 2024 | Published: Mar 25, 2024
Verified Investing
By Verified Investing
Non Farm Payrolls Data Understanding And Analysis

The Non Farm Payrolls Report is released on the first Friday of every month. It shows the job gains or losses from the prior month. The chart reveals that while payrolls have been falling over the last few years from the pandemic highs, jobs are still relatively plentiful. In February there were 275K jobs added. In March, estimates are for 183K in job gains. Please note, past months have consistently been revised down. The next Non Farm Payrolls Report will come out on April 5th, 2024.

The Non Farm Payrolls Report is one of the key reports the Federal Reserve looks to for the strength or weakness of the economy. A strong jobs market is one of the key reasons inflation can stay elevated. The more jobs available and added, the more power the worker has to demand higher wages and the more money people have to spend, thus driving prices higher.