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Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. Approximately 80% of the workforce is accounted for nonfarm payrolls [1] and it excludes farm workers, private household employees, actively serving military or non-profit organization employees.
The US government’s monthly jobs report provides crucial information about the health of the labor market by tallying “nonfarm payrolls.” Why are the farmers excluded?
The March jobs report is expected to show 215,000 nonfarm payroll jobs were added to the US economy last month with the unemployment rate falling to 3.8%, according to data from Bloomberg.
Apr. 18—Oregon's seasonally adjusted nonfarm payroll employment rose by 1,400 jobs in March, following a revised gain of 2,800 jobs in February, according to the Oregon Employment Department.
Employees on non-farm payrolls are those who received pay for any part of the reference pay period (which includes the 12th of the month), including persons on paid leave. Further, BLS explains that: "The CES employment series are estimates of nonfarm wage and salary jobs, not an estimate of employed persons; an individual with two jobs is ...
Non-farm payrolls increased by 22.7 million from February 1993 to January 2001 (236,000 per month average, the fastest on record for a Presidential tenure) while civilian employment increased by 18.5 million (193,000 per month average).
The Labor Department released its February jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls ...
Nonfarm employment increased by 16.1 million during Reagan's presidency, compared to 15.4 million during the preceding eight years, while manufacturing employment declined by 582,000 after rising 363,000 during the preceding eight years. Reagan's administration is the only one not to have raised the minimum wage.