difference between non farm and private payrolls

Non Farm Payrolls.

It does not include farm workers, private household employees, or non-profit organization employees. It is an influential statistic and economic indicator released monthly by the United States Department of Labor as part of a comprehensive report on the state of the labor market.

difference between ADP and BLS

Both the ADP-NER and the BLS Employment Situation reports issue monthly non-farm payrolls data for the U.S.

However, there are several significant differences between the two.

The ADP (ADP) estimate includes only private non-farm payrolls, while the BLS estimate includes both private and government non-farm payrolls.

How to interpret the Chart?

Nonfarm payrolls is an economic indicator released by the Department of Labor on the first Monday of each month at 8:30am EST. The data reflect the change in nonfarm payrolls from the previous month and represent the total number of paid U.S. workers of any business.

For example, if the nonfarm payrolls figure released on the first Monday of July is +15,000, 15,000 nonfarm jobs were added in the month of June. The reason agricultural jobs are excluded is the seasonality of hiring on farms, i.e., farms hire many workers during harvest, then let them go afterwards.

The key forecast of total nonfarm private employment is represented as both a monthly employment level and a monthly change in employment. The employment level represents the total number of nonfarm private jobs in the U.S. economy at a common point in time each month. The change in monthly employment represents the increase or decrease in employment between these common points in time in two consecutive months. You can observe trends in employment by simply comparing each month's employment level change.