#Nonfarm The term “nonfarm” refers to data collected and reported by the Bureau of Labor Statistics (BLS) that measures the number of workers in the U.S. economy, excluding those in farming, private households, proprietors, non-profit employees, and active military. This data is a significant economic indicator because it represents a substantial portion of the workforce contributing to the Gross Domestic Product (GDP). The nonfarm payroll numbers are released monthly and are used to assess the state of the economy and forecast future economic activity12. If you’re interested in the latest figures, as of March 2024, the total nonfarm payroll was reported to be 158,133 thousand persons2.