Total nonfarm employment counts payroll jobs across the U.S. economy, excluding farm work and private household employment.
The unemployment rate measures the share of the labor force that is jobless, available for work, and actively seeking employment.
The labor force participation rate is the percentage of the population age 16+ that is working or actively looking for work.
Average hourly earnings for private sector employees capture nominal wage trends across nonfarm businesses.
Average weekly hours track the typical workweek length for private sector production and nonsupervisory workers.
The CPI for All Urban Consumers tracks price changes for a market basket of consumer goods and services.
Core CPI excludes food and energy to better capture underlying inflation trends.
Average hourly earnings in manufacturing highlight pay dynamics in goods-producing industries.
Average hourly earnings in trade, transportation, and utilities show wage trends in major service sectors.
The employment–population ratio is the share of the civilian population age 16+ that is currently employed.
Average hourly earnings for production and nonsupervisory employees offer a long-running gauge of typical worker pay.
Nonfarm business productivity gauges output per hour worked and is a primary driver of long-run wage growth.