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Nonfarm payroll employment is a compiled name for goods, construction and manufacturing companies in the US. Approximately 80% of the workforce is accounted for nonfarm payrolls [ 1 ] and it excludes farm workers, private household employees, actively serving military or non-profit organization employees.
The US government’s monthly jobs report provides crucial information about the health of the labor market by tallying “nonfarm payrolls.” Why are the farmers excluded?
The ADP National Employment Report on Wednesday did not change expectations for a sharp acceleration in nonfarm payrolls in the government's more comprehensive and closely watched employment ...
Despite a tight labor market, total nonfarm payroll employment rose by a surprisingly strong 678,000 in February, the Bureau of Labor Statistics reported on Friday, March 4. This was well above the...
Off-farm (non-farm) income refers to the portion of farm household income obtained off the farm, including nonfarm wages and salaries, pensions, and interest income earned by farm families. On average for all farms in the United States, off-farm income accounts for over 90% of farm operator household income.
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Here are the key numbers from the Labor Department's latest report compared to consensus estimates compiled by Bloomberg: Nonfarm payrolls: +390,000 vs. +318,000 expected and a revised +436,000 in ...