MarketXLS

Nonfarm Payrolls 159M for 

Nonfarm Payrolls came in at 159M for Jul 2026, down 0.01% from 159M the prior month and 0.20% above its level of 159M one year ago. The series has averaged 93.8M since 1939, reaching a record high of 159M in June 2026 and a record low of 29.9M in January 1939.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Nonfarm Payrolls," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/nonfarm-payrolls

Historical Data

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July 1, 2026159M
June 1, 2026159M
May 1, 2026159M
April 1, 2026159M
March 1, 2026159M
February 1, 2026158M
January 1, 2026159M
December 1, 2025158M
November 1, 2025158M
October 1, 2025158M
September 1, 2025159M
August 1, 2025158M
July 1, 2025159M
June 1, 2025158M
May 1, 2025158M
April 1, 2025158M
March 1, 2025158M
February 1, 2025158M
January 1, 2025158M
December 1, 2024158M
⋮
⋮
October 1, 198288.9M
September 1, 198289.2M
August 1, 198289.4M
July 1, 198289.5M
June 1, 198289.9M
May 1, 198290.1M
April 1, 198290.2M
March 1, 198290.4M
February 1, 198290.6M
January 1, 198290.6M
December 1, 198190.9M
November 1, 198191.2M
October 1, 198191.4M
September 1, 198191.5M
August 1, 198191.6M
July 1, 198191.6M
June 1, 198191.5M
May 1, 198191.3M
April 1, 198191.3M
March 1, 198191.2M

About Nonfarm Payrolls

What it measures

Total Nonfarm Payrolls (FRED series PAYEMS) counts the number of paid employees on the payrolls of US businesses and government agencies, excluding farm workers, the self-employed, and private household staff. The Bureau of Labor Statistics publishes it monthly from the Current Employment Statistics survey of roughly hundreds of thousands of establishments.

Why it matters

Payrolls headline the monthly jobs report, the single most market-moving scheduled US data release. Employment growth drives income, spending, and tax revenue, and the Federal Reserve reads it as one half of its dual mandate. Sustained payroll weakness is central to recession dating, while overheated job growth can reinforce inflation concerns.

How to read it

Focus on the monthly change and its three-month average rather than the level, and expect meaningful revisions to the prior two months in every release. Job gains roughly matching labor force growth keep unemployment stable; persistently smaller gains signal softening. Annual benchmark revisions can restate an entire year, so apparent trends occasionally shift after the fact.

Get Nonfarm Payrolls in Excel

Pull Nonfarm Payrolls directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=EmployeesNonfarm()

View the Employees - Nonfarm Payroll formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Nonfarm Payrolls?

Nonfarm Payrolls is 159M as of July 2026.

What is the all-time high and low of Nonfarm Payrolls?

The highest value on record is 159M (June 2026) and the lowest is 29.9M (January 1939).

How often is Nonfarm Payrolls updated?

Nonfarm Payrolls is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Nonfarm Payrolls in Excel?

Use the MarketXLS Excel formula =EmployeesNonfarm() to pull Nonfarm Payrolls directly into any cell, with historical values available for analysis.

Basic info
Persons employed in the nonfarm sector in the economy.
RegionUnited States
FrequencyMonthly
Last updatedAugust 7, 2026
Seasonal adjustmentSeasonally Adjusted
UnitThousands of Persons

Stats
Last Value159M
Latest PeriodJul 2026
Last UpdatedAugust 7 2026, 08:31
Value Previous Month159M
Change From Previous Month-0.01%
Value 1 Year Ago159M
Change From Year Ago0.20%
Average Growth Rate1.93%/yr
Record High (Jun 2026)159M
Record Low (Jan 1939)29.9M
Long-Term Average93.8M
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitThousands of Persons

Annual Averages
2026159M
2025158M
2024158M
2023156M
2022153M
2021146M
2020142M
2019151M
2018149M
2017147M
2016144M
2015142M

Related Indicators
Monthly Job Gains (Nonfarm Payrolls Change)
All Employees, Total Private
All Employees, Goods-Producing
All Employees, Service-Providing
All Employees, Government
Unemployment Rate
Initial Jobless Claims
Average Weeks Unemployed
Job Openings: Total Nonfarm
Hires: Total Nonfarm
Total Separations: Total Nonfarm
Quits: Total Nonfarm
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