what is jobs growth 
jobs growth is measured in the u s by the number of employees added to nonfarm payrolls monthly as reported by the bureau of labor statistics bls it is a key indicator of the pace of economic expansion nonfarm payrolls are part of the employment situation summary published by the bls the widely followed statistical release better known as the monthly jobs report understanding jobs growthjobs growth refers to the net increase in the number of nonfarm payrolls during the previous month this number is widely followed because employment is crucial for economic performance bigger gains suggest growth above the trend while smaller ones or outright losses may signal a slowdown that said it is important to remember that the jobs growth numbers in the employment situation summary are estimates the numbers for a given month are revised in each of the next two monthly reports based on additional survey submissions a monthly nonfarm payroll increase of about 130 000 is considered statistically significant 1the increase in total u s non farm payroll employment in june 2024 the unemployment rate derived from a separate survey rose to 4 1 2