Nonfarm Payrolls Private measures the change of persons employed in the private sector, excluding employees in the farming sector. It is a monthly economic release by the Bureau of Labor Statistics and provides important economic insights about the health of labor market in the private sector. Higher than expected readings or rising readings are positive for the US Dollar and the US economy. The readings form the employment change in the private sector are important for economic analysis, as in theory if employers are more confident and optimistic about the economic outlook, the private sector rather than the public sector should lead the main growth in business activity, consumer spending and GDP. Small and larger scale businesses that operate in the private sector will have incentives to increase employment if their business outlook shows more confidence in the future, having a better percentage in overall employment growth than the public sector.
The United States Nonfarm Payrolls Private
The United States Nonfarm Payrolls Private latest reading in June of 2017 was 187,000, higher than the forecast reading of 172,000 and the previous reading of 159,000. The highest reading for the Nonfarm Payrolls Private was 237,000 for the month of January. Historically the Nonfarm Payrolls Private have a long-term average reading of 106,770 for the period of years 1950-2017. The all-time high reading was 1,089,000 in September of 1983, and the all-time low reading was -816,000 in January of 2009. The 52-week range is 59,000-249,000 and there is an annual 12-month increase of 24.67%.
