Employees - Private

Returns the total number of employees in the private sector (excluding government workers).

Data Source

Bureau of Labor Statistics (BLS) - Current Employment Statistics.

Usage Notes

  • No parameters required
  • Returns employment in thousands
  • Data updated monthly
  • Seasonally adjusted

Private Sector Components

Category Includes
Goods-producing Manufacturing, mining, construction
Service-providing Retail, healthcare, finance, tech

Relationship to Total Employment

Private Employment + Government Employment = Total Nonfarm Employment

The private sector accounts for approximately 85% of total nonfarm employment.

Examples

=EmployeesPrivate()
Private sector employment (thousands)

When to Use

  • Analyzing private sector job creation
  • Separating private from public employment
  • Business cycle analysis
  • Corporate America health assessment

When NOT to Use

Scenario Use Instead
Need government employment EmployeesGovernment()
Need total nonfarm employment EmployeesNonfarm()
Need goods-producing EmployeesGoodsProducing()
Need service sector EmployeesServiceProviding()

Common Issues & FAQ

Q: How does this relate to total nonfarm? A: Total Nonfarm = Private + Government. Private sector is about 85% of total nonfarm employment.

Q: What units is this in? A: Employment is reported in thousands of employees.

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MarketXLS Excel Add-in Tutorial - How to Use Employees - Private and Other Financial Formulas
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