Nonfarm Payrolls YoY stands at 0.56% as of October 2026, up from 0.29% a year earlier. The reading sits in the 25th percentile of its history back to 1940.
| Latest (October 2026) | 0.56% |
| One year ago | 0.29% |
| 10-year range | -13.39% – 10.86% |
| All-time range | -13.39% (2020) – 16.26% (1941) |
| Change over 12 months | +0.3 pts — bottomed at 0.07% in 2025 |
| Percentile vs. full history | 25th |
| History | 1940–2026 (1042 observations) |
Year-over-year growth in nonfarm payrolls. Healthy expansions typically run +1.5% to +2.5%. Deceleration toward zero is a late-cycle signal; outright negative job growth has only occurred in or immediately around recessions.
<iframe src="https://www.tacticalassetallocation.com/charts/nonfarm-payrolls-growth/embed.html" width="800" height="360" loading="lazy" style="border:1px solid #ddd;border-radius:8px"></iframe>
<a href="https://www.tacticalassetallocation.com/charts/nonfarm-payrolls-growth/">Nonfarm Payrolls YoY — Cambria Chart Lab</a>
Data: download CSV (source: FRED (Federal Reserve Economic Data)).