One of the key macroeconomic indicators is the Unemployment Rate, which is the percentage of unemployed workers above 18 years in relation to the total labor force. It is based on a survey of a random sample of about 60,000 households, 375,000 plants. The unemployment rate is calculated by dividing the number of unemployed by the number in the labor force, where the labor force is the sum of the unemployed and the employed. The natural rate of unemployment is considered to make about 4-5% of the labour force. It is treated as an indicator of possible inflationary pressure through wages increase. Salary is considered to grow faster with low unemployment rate, especially in case inflation acceleration is expected.
There are also such reports as the Average Workweek and Average Hourly Earnings. It should be kept in mind that the work force is not the entire population; it is a subset of people that meet certain criteria. The unemployment picture is a key gauge of the health of the economy while the Average Hourly Earnings figure impacts inflation.
Non-Farm Payrolls, known as Non-Farm Employment Change, is a fundamental indicator, which measures jobs added in the previous month. The report excludes farm-related jobs because they tend to be seasonal general and not necessarily indicative of employment trends.
In addition to these standard reports, the U.S. statistical authorities also publish a weekly Initial Jobless Claims report on the number of people filing for unemployment benefits for the first time. These numbers help to take the pulse of the job market. Another crucial report on employment in the U.S. is the ADP National Employment Report that estimates the changes in U.S. employment using payroll data for over 500,000 firms from Automatic Data Processing, Inc. (ADP). This information is compiled by Macroeconomic Advisors, LLC into a report showing aggregate numbers, as well as segments defined by companies' size, goods versus services, and manufacturing vs non-manufacturing firms.