Nonfarm Payroll Report

Written By Great Point Capital

The nonfarm payroll measures the number of workers in the US except those who work in farming, private households, non-profits, sole proprietorships, active military or self-employment. This includes 80% of the number of workers in the US contributing to GDP. The purpose of this survey is to obtain information about their payrolls and report them monthly to the public. The health of the labor market is a key consideration for the FED in setting interest rates. Here are some findings from the report released on Friday:

  • The economy added 143,000 jobs in January which was slightly lower than what was forecasted

  • The US unemployment rate unexpectedly lowered to 4%

  • Wage growth was strong 

  • The previous two months’ job reports were revised up by 100,000 jobs

  • Employment market is consistent with a US economy that seems to be accelerating 

 

To learn more about what the nonfarm payroll is and what it means for the US economy, check out the links below:

Nonfarm Payroll: What It Means, and Why It's Important

Stock Market News, Feb. 7, 2025: Nasdaq, Dow Fall Amid Tariff Fears and Mixed Jobs Report

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