Median Non-Farm Payrolls in the 12 Months Before and After the Start of a U.S. Recession U.S. non-farm payrolls increased 372,000 in June. When will the U.S. recession start? Image: Deutsche Bank
U.S. Employees on Nonfarm Payrolls and JOLTS Job Openings U.S. job openings hit another record high, as hiring struggles persist. Image: Morgan Stanley Wealth Management
U.S. Labor Market – U.S. Nonfarm Payrolls vs. Retail Sales U.S. nonfarm payrolls remain artificially low. Image: BofA Global Investment Strategy
Fed – Timeline for Tapering and Change in Nonfarm Payrolls Should the market be braced for a formal taper announcement in December 2021? Image: Goldman Sachs Global Investment Research
U.S. Jobs – Payroll Employment Lost and Regained The resurgence of the coronavirus pandemic has stalled the U.S. jobs recovery. Image: J.P. Morgan Asset Management
U.S. Labor Market – Nonfarm Payrolls It could take many years for the U.S. labor market to recover. Image: Morgan Stanley Wealth Management
U.S. Job Losses – Payroll Trends by Wage Cohort Lower-wage workers in the United States have been hit harder by coronavirus job losses. Image: Morgan Stanley Research
U.S. Nonfarm Payroll Employment and U3 Unemployment Rate Oxford Economics expects 24 million jobs lost in the U.S. and unemployment rate spiking to 14%. Image: Oxford Economics
U.S. Nonfarm Payroll Growth and Unemployment Rate Goldman Sachs expects new lows in the U.S. unemployment rate in 2020. Image: Goldman Sachs Global Investment Research
Change in Nonfarm Payrolls and Average Payrolls Change in U.S. Economic Cycle Nonfarm payrolls have averaged 184k the past 12 months, more than the cycle average of 170k. This does not happen in front of recessions. Image: LPL Research