
Key points
US nonfarm payrolls monthly change and 3-month moving average, thousands | 2026 gains mostly below 200K with several negative months; 3-month average recently back to ~150K
Image source: @BlakeMillardCFA

US nonfarm payrolls monthly change and 3-month moving average, thousands | 2026 gains mostly below 200K with several negative months; 3-month average recently back to ~150K
Image source: @BlakeMillardCFA