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US nonfarm payrolls: jobs, unemployment and wages

The employment report combines payrolls, unemployment, average earnings and revisions. Its components can point to different economic signals.

Live calendar and latest releasesOpen the live macro radar →

What to watch

Whether payrolls and unemployment point in the same direction

Whether wage growth changes inflation and rate expectations

Whether earlier months receive meaningful revisions

Before the release

Read payrolls alongside claims, openings, wages and policy expectations instead of treating it in isolation.

After the release

When components conflict, markets often need time to reprice. Persistent moves in the dollar, yields and gold matter more than chasing the first second.

Economic event reference

US nonfarm payrolls: jobs, unemployment and wages

The employment report combines payrolls, unemployment, average earnings and revisions. Its components can point to different economic signals.

Frequently asked questions

Live calendar and latest releases

Open the live macro radar Read payrolls alongside claims, openings, wages and policy expectations instead of treating it in isolation.

After the release

When components conflict, markets often need time to reprice. Persistent moves in the dollar, yields and gold matter more than chasing the first second.