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CandleFocus Glossary Editor
Jobs Growth is a key indicator of the health of the US economy, as it measures the amount of net new job creation each month. Measured and reported each month by the US Bureau of Labor Statistics, Jobs Growth is seen within industries, occupations and in terms of overall economic growth. The figure is released to interested investors and other economic observers and usually moves the financial markets.
Nonfarm payrolls are netted to adjust for the growth in the workforce. A nonfarm payroll is a job outside of agricultural and certain other designated industries in line with the expansion of the labor force. Jobs growth figures are refined and updated over the next two months as additional survey results are collected and checked.
Jobs Growth also offers precise insight into economic growth in terms of the labor market, consumer spending and the Gross Domestic Product (GDP). Generally, a healthy level of Jobs Growth is considered to be about 50,000 to 110,000 net new jobs added each month.
In the United States, Jobs Growth is one of the most important and timely measures of the economy. It shows how much new jobs have been created or lost, which helps inform all types of economic decisions, from consumer spending to business investments. In particular, investors rely on these numbers to make decisions about investments.
Jobs Growth along with wage and salary data, industrial production and employment data from the US Department of Labor as well as jobs report from private companies are some of the closely tracked indicators of US employment. As monthly job growth fluctuates and varies across the different industries, it provides a strong prediction of overall economic conditions.
Overall, Jobs Growth is an important part of measuring economic growth and labor market health in the United States. This figure is closely tracked and relied upon by economic observers, investors and other interested parties. Jobs Growth is a key indicator of the health of the US economy and provides other economic signals such as consumer spending, GDP growth and overall labor market conditions.
Nonfarm payrolls are netted to adjust for the growth in the workforce. A nonfarm payroll is a job outside of agricultural and certain other designated industries in line with the expansion of the labor force. Jobs growth figures are refined and updated over the next two months as additional survey results are collected and checked.
Jobs Growth also offers precise insight into economic growth in terms of the labor market, consumer spending and the Gross Domestic Product (GDP). Generally, a healthy level of Jobs Growth is considered to be about 50,000 to 110,000 net new jobs added each month.
In the United States, Jobs Growth is one of the most important and timely measures of the economy. It shows how much new jobs have been created or lost, which helps inform all types of economic decisions, from consumer spending to business investments. In particular, investors rely on these numbers to make decisions about investments.
Jobs Growth along with wage and salary data, industrial production and employment data from the US Department of Labor as well as jobs report from private companies are some of the closely tracked indicators of US employment. As monthly job growth fluctuates and varies across the different industries, it provides a strong prediction of overall economic conditions.
Overall, Jobs Growth is an important part of measuring economic growth and labor market health in the United States. This figure is closely tracked and relied upon by economic observers, investors and other interested parties. Jobs Growth is a key indicator of the health of the US economy and provides other economic signals such as consumer spending, GDP growth and overall labor market conditions.