Private Nonfarm Payroll Employment – Three Measures

Menzie Chinn
By Menzie Chinn of Econbrowser.com
Professor of Public Affairs and Economics at the University of Wisconsin •

So far, slowing employment growth.

So far, slowing employment growth.

Figure 1: Private nonfarm payroll employment (bold black), preliminary benchmark (gray square), Bloomberg consensus as of 8/30 (blue +), QCEW private, seasonally adjusted by author using X-13 (teal), from ADP (tan), 000’s, s.a. Source: BLS, Bloomberg, ADP via FRED, author’s calculations. 

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