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Labor Market Observatory

US Payrolls & Labor Market

100 models covering NFP payrolls, sectoral employment, wage growth, hours & productivity, unemployment, labor force, JOLTS, demographics, and recession signals — built from publicly available FRED data.

US Payrolls & Labor MarketCharts
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Sectors
Wages
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Unemployment
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FT / PT
JOLTS
Demographics
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Cache: 31 Jul 2026
Showing 1–10 of 102 charts
Page 1 of 11

Headline Payrolls

1. Total Nonfarm Payrolls

Thousands, SA — All employees on nonfarm payrolls (FRED: PAYEMS)

Chart 1: Total Nonfarm Payrolls

Thousands, SA — All employees on nonfarm payrolls (FRED: PAYEMS)

Sector: Headline Payrolls. Frequency: Monthly. Source: FRED / BLS.

Data series (1): Total NFP (Thousands) (latest: 158,984 on 2026-06-01).

Frequency: MonthlySeries: 1Last data: 1 Jun 2026

Source: FRED / BLS

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Headline Payrolls

2. Total Private Payrolls

Monthly — Private sector payrolls excluding government (FRED: USPRIV)

Chart 2: Total Private Payrolls

Monthly — Private sector payrolls excluding government (FRED: USPRIV)

Sector: Headline Payrolls. Frequency: Monthly. Source: FRED / BLS.

Data series (1): Private Payrolls (Thousands) (latest: 135,613 on 2026-06-01).

Frequency: MonthlySeries: 1Last data: 1 Jun 2026

Source: FRED / BLS

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Headline Payrolls

3. Monthly Change in Nonfarm Payrolls

Thousands, SA — Net new jobs added each month (FRED: PAYEMS diff)

Chart 3: Monthly Change in Nonfarm Payrolls

Thousands, SA — Net new jobs added each month (FRED: PAYEMS diff)

Sector: Headline Payrolls. Frequency: Monthly. Source: FRED / BLS.

Data series (1): NFP Monthly Change (latest: 158,984 on 2026-06-01).

Chart type: bar chart.

Transform: month-over-month difference.

Frequency: MonthlySeries: 1Last data: 1 Jun 2026

Source: FRED / BLS

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Headline Payrolls

4. Total NFP vs Private Payrolls

Total nonfarm vs private-sector employment — government job contribution

Chart 4: Total NFP vs Private Payrolls

Total nonfarm vs private-sector employment — government job contribution

Sector: Headline Payrolls. Frequency: Monthly. Source: FRED / BLS.

Data series (2): Total NFP (latest: 158,984 on 2026-06-01); Private Only (latest: 135,613 on 2026-06-01).

Frequency: MonthlySeries: 2Last data: 1 Jun 2026

Source: FRED / BLS

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Headline Payrolls

5. Payrolls Recovery Since Feb 2020

Rebased to 100 at Feb 2020 — total vs private vs government

Chart 5: Payrolls Recovery Since Feb 2020

Rebased to 100 at Feb 2020 — total vs private vs government

Sector: Headline Payrolls. Frequency: Monthly. Source: FRED / BLS.

Data series (3): Total NFP (latest: 158,984 on 2026-06-01); Private (latest: 135,613 on 2026-06-01); Government (latest: 23,371 on 2026-06-01).

Rebased to 100 at 2020-02-01.

Frequency: MonthlySeries: 3Last data: 1 Jun 2026Rebased: Jan 2024 = 100

Source: FRED / BLS

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Headline Payrolls

6. Goods-Producing vs Service-Providing Employment

Structural shift toward services economy (FRED: USGOOD + SRVPRD)

Chart 6: Goods-Producing vs Service-Providing Employment

Structural shift toward services economy (FRED: USGOOD + SRVPRD)

Sector: Headline Payrolls. Frequency: Monthly. Source: FRED / BLS.

Data series (2): Goods-Producing (latest: 21,536 on 2026-06-01); Service-Providing (latest: 137,448 on 2026-06-01).

Frequency: MonthlySeries: 2Last data: 1 Jun 2026

Source: FRED / BLS

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Headline Payrolls

7. Establishment vs Household Survey Employment

Payroll survey (PAYEMS) vs household survey (CE16OV) — divergence monitor

Chart 7: Establishment vs Household Survey Employment

Payroll survey (PAYEMS) vs household survey (CE16OV) — divergence monitor

Sector: Headline Payrolls. Frequency: Monthly. Source: FRED / BLS.

Data series (2): Establishment (NFP) (latest: 158,984 on 2026-06-01); Household (CPS) (latest: 162,264 on 2026-06-01).

Frequency: MonthlySeries: 2Last data: 1 Jun 2026

Source: FRED / BLS

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Headline Payrolls

8. Temporary Help Services vs Payrolls MoM Change

Monthly — temp help leads NFP turns by 3-6 months. NFP MoM change as bars on RHS.

Chart 8: Temporary Help Services vs Payrolls MoM Change

Monthly — temp help leads NFP turns by 3-6 months. NFP MoM change as bars on RHS.

Sector: Headline Payrolls. Frequency: Monthly. Source: FRED / BLS.

Data series (2): Temp Help (Thousands) (latest: 2,499.2 on 2026-06-01); NFP MoM Change (latest: 158,984 on 2026-06-01).

Frequency: MonthlySeries: 2Last data: 1 Jun 2026

Source: FRED / BLS

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Headline Payrolls

9. Multiple Jobholders

Monthly — workers holding more than one job (FRED: LNS12026620)

Chart 9: Multiple Jobholders

Monthly — workers holding more than one job (FRED: LNS12026620)

Sector: Headline Payrolls. Frequency: Monthly. Source: FRED / BLS.

Data series (1): Multiple Jobholders (Thousands) (latest: 5.3 on 2026-06-01).

Frequency: MonthlySeries: 1Last data: 1 Jun 2026

Source: FRED / BLS

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Sectoral Employment

10. Education & Health Services Employment

Monthly — largest sectoral driver of recent job growth (FRED: USEHS)

Chart 10: Education & Health Services Employment

Monthly — largest sectoral driver of recent job growth (FRED: USEHS)

Sector: Sectoral Employment. Frequency: Monthly. Source: FRED / BLS.

Data series (1): Education & Health (Thousands) (latest: 27,973 on 2026-06-01).

Frequency: MonthlySeries: 1Last data: 1 Jun 2026

Source: FRED / BLS

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Showing 1–10 of 102 charts
Page 1 of 11

Source: FRED (Federal Reserve Economic Data), BLS, Conference Board, Kansas City Fed.

Payrolls Forecasting Lab

EXPERIMENT

10 independent models — time-series econometrics through gradient boosting — each forecasting Friday's BLS Employment Situation.

Jul 2026 NFP
BLS Employment Situation — Friday, August 7, 2026
5 days away

Consensus Forecast — Median of 10 Models

Nonfarm Payrolls
96k
80% model range: 61k → 285k
Unemployment Rate
4.2%
80% model range: 4.2% → 5.4%
Part-Time Workers
4695k
80% model range: 980k → 4990k
Avg Hourly Earnings YoY
3.55%
80% model range: 3.46% → 3.72%

NFP model disagreement (σ): ±109k · Consensus range (80%): 61k – 285k

Monthly Track Record — Last 4 BLS Releases

Genuine out-of-sample NFP predictions. Each cell shows the forecast and how far it landed from the actual print — “18k below” means the forecast was 18k under the actual. Colour shows accuracy (green = close, red = far); green-boxed cells beat the street consensus (Dow Jones / FinanceFlowAPI economist survey).

Model
Jul 2026 NFP
Forecast ↑
Jun 2026
Actual: +57k
May 2026
Actual: +129k
Apr 2026
Actual: +148k
Mar 2026
Actual: +214k
STREETStreet Consensus
Dow Jones / FinanceFlowAPI economist survey
+110k53k above
+85k44k below
+62k86k below
+60k154k below
MEDModel Ensemble (median)
+96k
+84k27k above
+87k42k below
+70k78k below
+49k165k below
+62k
+73k
#316k above
Beat street
+65k
#564k below
+130k
#118k below
Beat street
+72k
#4142k below
Beat street
SARIMASARIMAX
+44k
+46k
#211k below
Beat street
+39k
#790k below
+41k
#7107k below
+44k
#6170k below
+100k
-155k
#8212k below
-46k
#9175k below
+235k
#587k above
-343k
#10557k below
+90k
+121k
#664k above
+114k
#215k below
Beat street
+82k
#466k below
Beat street
-41k
#9255k below
+107k
+94k
#437k above
Beat street
+151k
#422k above
Beat street
+130k
#218k below
Beat street
+112k
#1102k below
Beat street
+389k
+122k
#765k above
+110k
#319k below
Beat street
+103k
#345k below
Beat street
+96k
#2118k below
Beat street
+66k
+54k
#13k below
Beat street
+36k
#893k below
+58k
#690k below
+77k
#3137k below
Beat street
+91k
+119k
#562k above
+41k
#688k below
-7k
#10155k below
+43k
#7171k below
+274k
-1277k
#101334k below
+134k
#15k above
Beat street
+36k
#8112k below
+54k
#5160k below
+246k
+414k
#9357k above
+432k
#10303k above
0k
#9148k below
0k
#8214k below
Models beating street consensus:4/10 models4/10 models4/10 models4/10 models

Error = actual − forecast. Green (#1–3) best; red (#8–10) worst. Green-boxed cells beat the street consensus (Dow Jones survey / FinanceFlowAPI). Click any model for the full deep-dive.

Median: 96k

Sorted by NFP point forecast. Dashed label shows consensus median.

Models last updated: 7/31/2026, 5:00:05 AM UTC · Source: FRED via RoboMacro

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