United States Non Farm Payrolls

06.10.23

US nonfarm payrolls likely increased by 170K last month, down from 187K in August, marking the fourth consecutive month with job gains falling below the 200K mark. These figures are expected to reflect the impact of the strike by the United Auto Workers. However, job gains would still remain well above the 70K-100K needed per month to keep up with the growth in the working-age population, signalling that the labor market is gradually easing but remains resilient despite the Fed's tightening campaign to control the inflation rate.

United States Nonfarm Payrolls - Private

Nonfarm payroll employment in the US private sector increased by 179,000 in August 2023, following a downwardly revised 155,000 rise in the previous month and compared with market expectations of 150,000