Release: NBER Macrohistory Database
Data Include Switching And Terminal Companies Until 1933. Source: Computed By NBER From Series (Total Hours Worked Per Month, All Employees On Hourly Basis) And (Total Number Of Employees On Hourly Basis).
This NBER data series m08154 appears on the NBER website in Chapter 8 at http://www.nber.org/databases/macrohistory/contents/chapter08.html.
NBER Indicator: m08154
National Bureau of Economic Research, Total Hours Worked Per Month, Per Employee, All Employees on Hourly Basis for United States [M08154USM065NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/M08154USM065NNBR, September 25, 2022.
Source: U.S. Bureau of Labor Statistics
Release: Employment Situation
All Employees: Total Nonfarm, commonly known as Total Nonfarm Payroll, is a measure of the number of U.S. workers in the economy that excludes proprietors, private household employees, unpaid volunteers, farm employees, and the unincorporated self-employed. This measure accounts for approximately 80 percent of the workers who contribute to Gross Domestic Product (GDP).
This measure provides useful insights into the current economic situation because it can represent the number of jobs added or lost in an economy. Increases in employment might indicate that businesses are hiring which might also suggest that businesses are growing. Additionally, those who are newly employed have increased their personal incomes, which means (all else constant) their disposable incomes have also increased, thus fostering further economic expansion.
Generally, the U.S. labor force and levels of employment and unemployment are subject to fluctuations due to seasonal changes in weather, major holidays, and the opening and closing of schools. The Bureau of Labor Statistics (BLS) adjusts the data to offset the seasonal effects to show non-seasonal changes: for example, women's participation in the labor force; or a general decline in the number of employees, a possible indication of a downturn in the economy. To closely examine seasonal and non-seasonal changes, the BLS releases two monthly statistical measures: the seasonally adjusted All Employees: Total Nonfarm (PAYEMS) and All Employees: Total Nonfarm (PAYNSA), which is not seasonally adjusted.
The series comes from the 'Current Employment Statistics (Establishment Survey).'
The source code is: CES0000000001
U.S. Bureau of Labor Statistics, All Employees, Total Nonfarm [PAYEMS], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PAYEMS, September 25, 2022.