News & Analysis

Up next: Non-Farm Payrolls announcement

7 December 2023 By Klavs Valters


It’s the beginning of a new month which means that the US Non-Farm Payrolls figures will be released by the US Bureau of Labor Statistics.

The latest US jobs data for November will be released at 1:30PM London time on Friday.

Click here to find out why the Non-Farm Payrolls announcement is one of the most closely watched economic events in the calendar and what impact it has on the financial markets.

October data and expectations

In October, the total Non-Farm Payrolls employment increased by 150K jobs, which was below analysts’ expectations of 180K jobs. Most significant job gains were in health care, government, and social assistance.

The unemployment rate rose from 3.8% to 3.9% – the highest level since January 2022.

Analysts are expecting 185K jobs to be added in November. Unemployment rate is expected to remain unchanged at 3.9%.

Non-Farm Payrolls since January 2023

  • October: 150K
  • September: 336K
  • August: 187K
  • July: 187K
  • June: 209K
  • May: 339K
  • April: 253K
  • March: 236K
  • February: 311K
  • January: 517K

Unemployment rates since January 2023

  • October: 3.9%
  • September: 3.8%
  • August: 3.8%
  • July: 3.5%
  • June: 3.6%
  • May: 3.7%
  • April: 3.4%
  • March: 3.5%
  • February: 3.6%
  • January: 3.4%

Source: US Bureau of Labor Statistics

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