Change in Nonfarm Payrolls and Average Payrolls Change in U.S. Economic Cycle According to BofA’s forecast, non-farm payrolls are expected to moderate to 200K in March, reflecting a potential slowdown in job growth compared to previous months. Image: BofA Global Research
U.S. Nonfarm Payrolls vs. U.S. ISM Manufacturing PMI A reading below 50 on the ISM manufacturing index indicates a contraction in manufacturing activity, potentially affecting payrolls. However, the relationship between the index and actual payrolls is not straightforward. Image: BofA Global Investment Strategy
U.S. Labor Market – U.S. Nonfarm Payrolls vs. Retail Sales Higher payrolls can potentially lead to higher retail sales, as increased income for employees can result in greater purchasing power. Image: BofA Global Investment Strategy
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
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