non-farm payroll

Definition

A statistic gathered by the U.S. Bureau of Labor Statistics, which represents the payroll data for the majority of the United States with the exception of a few categories of employees. The employees that are not included in this calculation include government employees, nonprofit employees, individuals who work within a private household, and farm employees. Once these categories are removed, the data represents about 80% of United States employees, and provides monthly information about salary which is used as an indicator of the health of the economy.

Use non-farm payroll in a sentence

You may need to try and figure out if you are working with a non-farm payroll and do things the correct way.

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If you are are going to be doing the payroll for your company you will likely need to do it non-farm payroll.

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The non-farm payroll was an interesting thing to check out and we were all really happy with the new statistic.

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