Non Farm Payrolls in the United States increased by 147 thousand in June of 2025. This dataset provides the latest reported value for - United States Non Farm Payrolls - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In October 2024, the total nonfarm payroll employment increased by around 12,000 people in the United States. The data are seasonally adjusted. According to the BLS, the data is derived from the Current Employment Statistics (CES) program which surveys about 140,000 businesses and government agencies each month, representing approximately 440,000 individual worksites, in order to provide detailed industry data on employment.

Earnings and employment statistics from Pay As You Earn (PAYE) Real Time Information (RTI), UK, NUTS 1, 2 and 3 areas and local authorities, monthly, non-seasonally adjusted. These are official statistics in development.

Wages in the United States increased 4.72 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Between August and September 2024, around ****** people gained employment in the state of Texas, the highest monthly change of any state in the United States. New Jersey was the second-highest, gaining ****** new jobs in the same period.

United States Non Farm Payroll Nowcast: sa: MoM: Contribution: Labour Market: Unemployment Insurance: Covered Employment data was reported at 0.649 % in 12 May 2025. This records an increase from the previous number of 0.367 % for 05 May 2025. United States Non Farm Payroll Nowcast: sa: MoM: Contribution: Labour Market: Unemployment Insurance: Covered Employment data is updated weekly, averaging 0.124 % from Jan 2020 (Median) to 12 May 2025, with 277 observations. The data reached an all-time high of 6.756 % in 03 Feb 2025 and a record low of 0.000 % in 16 Jan 2023. United States Non Farm Payroll Nowcast: sa: MoM: Contribution: Labour Market: Unemployment Insurance: Covered Employment data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s United States – Table US.CEIC.NC: CEIC Nowcast: Employment: Non Farm Payroll.

Graph and download economic data for Employed full time: Median usual weekly real earnings: Wage and salary workers: 16 years and over (LES1252881600Q) from Q1 1979 to Q2 2025 about full-time, salaries, workers, earnings, 16 years +, wages, median, real, employment, and USA.

Graph and download economic data for Total Nonfarm Private Payroll Employment (DISCONTINUED) (NPPTTL) from Apr 2002 to May 2022 about payrolls, headline figure, nonfarm, private, employment, and USA.

Private businesses in the United States hired 104 thousand workers in July of 2025 compared to -23 thousand in June of 2025. This dataset provides the latest reported value for - United States ADP Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset provides annual personal income estimates for State of Iowa produced by the U.S. Bureau of Economic Analysis beginning in 1997. Data includes the following estimates: personal income, per capita personal income, wages and salaries, supplements to wages and salaries, private nonfarm earnings, compensation of employees, average compensation per job, and private nonfarm compensation. Personal income is defined as the sum of wages and salaries, supplements to wages and salaries, proprietors’ income, dividends, interest, and rent, and personal current transfer receipts, less contributions for government social insurance. Personal income for Iowa is the income received by, or on behalf of all persons residing in Iowa, regardless of the duration of residence, except for foreign nationals employed by their home governments in Iowa. Per capita personal income is personal income divided by the Census Bureau’s annual midyear (July 1) population estimates. Wages and salaries is defined as the remuneration receivable by employees (including corporate officers) from employers for the provision of labor services. It includes commissions, tips, and bonuses; employee gains from exercising stock options; and pay-in-kind. Judicial fees paid to jurors and witnesses are classified as wages and salaries. Wages and salaries are measured before deductions, such as social security contributions, union dues, and voluntary employee contributions to defined contribution pension plans. Supplements to wages and salaries consists of employer contributions for government social insurance and employer contributions for employee pension and insurance funds. Private nonfarm earnings is the sum of wages and salaries, supplements to wages and salaries, and nonfarm proprietors' income, excluding farm and government. Compensation to employees is the total remuneration, both monetary and in kind, payable by employers to employees in return for their work during the period. It consists of wages and salaries and of supplements to wages and salaries. Compensation is presented on an accrual basis - that is, it reflects compensation liabilities incurred by the employer in a given period regardless of when the compensation is actually received by the employee. Average compensation per job is compensation of employees divided by total full-time and part-time wage and salary employment. Private nonfarm compensation is the sum of wages and salaries and supplements to wages and salaries, excluding farm and government. More terms and definitions are available on https://apps.bea.gov/regional/definitions/.

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HR Payroll Software Market Size 2025-2029

The HR payroll software market size is forecast to increase by USD 7.84 billion at a CAGR of 15.9% between 2024 and 2029.

The market is witnessing significant growth due to the digital transformation of HR functions, driving the adoption of advanced technologies such as cloud-based solutions. The flexibility, cost savings, and enhanced functionality offered by cloud-based HR payroll software are compelling reasons for businesses to migrate from traditional methods. However, regulatory hurdles impact adoption in certain regions, necessitating compliance with local data protection laws and regulations. Data security and privacy concerns continue to pose challenges for market participants, as sensitive employee data is at risk of breaches. Implementing robust security measures, such as encryption and multi-factor authentication, is crucial to mitigate these risks and build trust with customers. Additionally, the adoption of advanced workforce analytics, particularly those leveraging Machine Learning, is increasing.
Furthermore, ensuring seamless integration with other HR systems and payroll processes is essential to optimize operational efficiency and minimize supply chain inconsistencies that can temper growth potential. Smartphone adoption is another trend driving the market growth. Companies seeking to capitalize on market opportunities and navigate challenges effectively must focus on providing secure, user-friendly, and customizable solutions that cater to the evolving needs of HR departments.

What will be the Size of the HR Payroll Software Market during the forecast period?

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The market is experiencing significant advancements, with mobile payroll apps gaining popularity for their convenience and accessibility. Payroll software upgrades continue to prioritize HR analytics dashboards, payroll automation tools, and biometric authentication for enhanced efficiency and security. Data encryption and employee data privacy remain crucial concerns, with payroll compliance software ensuring regulatory adherence. Payroll fraud detection, fueled by machine learning (ML) and artificial intelligence (AI), is a growing trend. Mobile phone users increasingly seek devices capable of leveraging 5G network technologies, with chipmakers responding by producing 5G chips for integration into mobile handsets.
Cloud security and HR software integrations are essential for seamless operations. Benefits management software, talent acquisition platforms, and employee self-service portals further streamline HR processes. Payroll system customization, maintenance, reporting dashboards, and predictive analytics enable data-driven decision-making.

How is this HR Payroll Software Industry segmented?

The hr payroll software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Software
  Services


Deployment

  On-Premises
  Cloud


End-user

  Large Enterprises
  Small and Medium Enterprises


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Component Insights

The software segment is estimated to witness significant growth during the forecast period. The market encompasses a range of digital solutions designed to automate and manage various payroll-related functions for businesses. These software platforms facilitate accurate payroll processing, including salary calculations, tax deductions, benefits management, and payslip generation. By streamlining these tasks, businesses can minimize errors and reduce administrative overhead. Modern HR software often integrates with other HR modules, such as time and attendance, talent management, and employee self-service portals, creating a unified system that boosts operational efficiency and transparency. Cloud-based payroll solutions are gaining popularity due to their flexibility, real-time data access, and cost savings. Additionally, these systems enable compliance with various payroll regulations and offer features like payroll reporting, tax filing, and employee onboarding. Cloud computing plays a crucial role in enabling these features, with both private and public cloud solutions gaining popularity. Environmental concerns are also influencing the market, with the adoption of bio-based adhesives and composite materials becoming more common in the production of workforce management software.

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The Software segment was valued at USD 2.6 billion in 2019 and showed a gradual increase during the forecast period. HR services, payroll services, and compliance

Employment: NF: sa: Over-the-Month Change: 2nd data was reported at 185.000 Person th in Mar 2025. This records an increase from the previous number of 117.000 Person th for Feb 2025. Employment: NF: sa: Over-the-Month Change: 2nd data is updated monthly, averaging 167.000 Person th from Jan 1979 (Median) to Mar 2025, with 555 observations. The data reached an all-time high of 4,791.000 Person th in Jun 2020 and a record low of -20,687.000 Person th in Apr 2020. Employment: NF: sa: Over-the-Month Change: 2nd data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G: Current Employment Statistics: Employment: Non Farm Payroll: Seasonally Adjusted.

Employment: NF: sa: RT: HP: Optical Goods data was reported at 77.100 Person th in Mar 2025. This records an increase from the previous number of 76.500 Person th for Feb 2025. Employment: NF: sa: RT: HP: Optical Goods data is updated monthly, averaging 67.100 Person th from Jan 1990 (Median) to Mar 2025, with 423 observations. The data reached an all-time high of 78.500 Person th in Dec 2019 and a record low of 37.500 Person th in Apr 2020. Employment: NF: sa: RT: HP: Optical Goods data remains active status in CEIC and is reported by U.S. Bureau of Labor Statistics. The data is categorized under Global Database’s United States – Table US.G060: Current Employment Statistics: Employment: Non Farm Payroll: Seasonally Adjusted.

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Payroll Outsourcing Services Market Size 2025-2029

The payroll outsourcing services market size is forecast to increase by USD 6.52 billion at a CAGR of 5% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for payroll cost visibility. This trend is driven by the complexities and intricacies of modern payroll systems, which require advanced technology and expertise to manage effectively. Additionally, the rise of multi-country and centralized outsourcing models is contributing to market expansion. These models enable organizations to streamline their payroll processes across multiple locations, reducing administrative burdens and ensuring compliance with local regulations. However, the market also faces challenges related to geographical transitions. As companies expand their operations into new regions, they encounter difficulties in implementing consistent payroll processes and adapting to varying payroll laws and regulations.
These challenges require careful planning and strategic partnerships with experienced payroll outsourcing providers to navigate effectively. Companies seeking to capitalize on market opportunities and mitigate these challenges must prioritize payroll cost transparency, invest in advanced technology solutions, and establish strong relationships with reputable outsourcing partners. By doing so, they can optimize their payroll processes, reduce operational costs, and ensure compliance with local regulations.

What will be the Size of the Payroll Outsourcing Services Market during the forecast period?

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The market continues to evolve, driven by the dynamic needs of various sectors. Payroll management, compliance, software, and consulting services are integral components, seamlessly integrated to enhance payroll efficiency and transparency. Payroll automation and cloud-based solutions are gaining traction, enabling real-time processing and access to payroll data. Nonprofit organizations and educational institutions leverage payroll outsourcing for cost reduction and regulatory compliance. Enterprise payroll systems require ongoing maintenance and consulting to ensure optimal performance and adherence to tax regulations. Time and attendance systems, benefits administration, and payroll reporting are essential features that contribute to workforce management and employee engagement.
Payroll data privacy and security are paramount concerns, with payroll outsourcing solutions offering advanced encryption and access control measures. Payroll cost reduction and payroll system upgrades are ongoing priorities for small and medium businesses. The market also caters to industries such as retail, manufacturing, financial services, healthcare, and government, with tailored solutions addressing unique payroll challenges. Payroll outsourcing providers offer a range of services, from employee onboarding to payroll system implementation, ensuring payroll accuracy and compliance with ever-changing legislation. The market's continuous evolution reflects the evolving needs of businesses, enabling them to focus on their core operations while ensuring a seamless payroll process.

How is this Payroll Outsourcing Services Industry segmented?

The payroll outsourcing services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Hybrid
  Fully outsourced


Type

  Mid-market
  National
  Multinational


Enterprise Size

  SMEs
  Large Enterprises


Industry Vertical

  BFSI
  Healthcare
  Retail
  IT & Telecom


Deployment Type

  Cloud
  On-Premises


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Product Insights

The hybrid segment is estimated to witness significant growth during the forecast period.

Payroll outsourcing services have gained significant traction among businesses, particularly in areas of human resources, government payroll, and talent acquisition. Payroll automation, a key component of these services, enhances efficiency and transparency while reducing the risk of payroll fraud. Medium businesses and retail industries often opt for payroll outsourcing to streamline operations and ensure compliance with complex payroll regulations. Cloud-based payroll solutions have become increasingly popular due to their accessibility and cost savings. Financial services firms and nonprofits also utilize payroll outsourcing for benefits administration and payroll system maintenance. Enterprise payroll services offer scalability and customization for large organizations, while consulting and technology

In October 2024, the average hourly earnings for all employees on private nonfarm payrolls in the United States stood at 35.46 U.S. dollars. The data have been seasonally adjusted. Employed persons are employees on nonfarm payrolls and consist of: persons who did any work for pay or profit during the survey reference week; persons who did at least 15 hours of unpaid work in a family-operated enterprise; and persons who were temporarily absent from their regular jobs because of illness, vacation, bad weather, industrial dispute, or various personal reasons.

List of pay increases for State of Oklahoma employees since fiscal year 2002.

Expected rate of increase in wages and reasons for expecting a faster rate of increase in wages over the next 12 months, by North American Industry Classification System (NAICS), business employment size, type of business, business activity and majority ownership, fourth quarter of 2023.

The Employment Dynamics is a compilation of statistical tables on employment, payroll and the number of businesses with employees for Canada, the provinces and territories. They are published annually by Statistics Canada’s Small Business and Special Surveys Division, which derives the Dynamics figures from information supplied by the Business and Labour Market Analysis Division. Primarily, the tables are used to analyze how businesses of different sizes contribute to employment change in the economy. Net year-over-year changes in total employment are broken down according to the following gross components, which are calculated for individual employment-size groupings of firms: Job gains attributed to newly identified employers; Job losses attributed to firms that ceased to be identified as employers; Job gains attributed to continuing employers that increased their respective employment levels; Job losses attributed to continuing employers that decreased their respective employment levels; The Dynamics are also useful in that they provide estimated counts of entries and exits of businesses from the employer population in Canada. The data cover all private and public sector businesses or organizations (including public administration) that issue T4 slips to employees for taxation purposes. Both incorporated and unincorporated entities are included, but only if they issue T4 slips to employees. In other words, non-employers are not included in the figures.

Graph and download economic data for Average Hourly Earnings of All Employees, Total Private (CES0500000003) from Mar 2006 to Jun 2025 about earnings, average, establishment survey, hours, wages, private, employment, and USA.

Payroll and Accounting Services Market Outlook

The global Payroll and Accounting Services market size was valued at approximately USD 45.3 billion in 2023 and is projected to reach USD 78.6 billion by 2032, growing at a CAGR of 6.5% during the forecast period. This market's growth is driven by the increasing need for businesses to streamline financial operations, enhance compliance, and leverage advanced technologies for efficiency. The heightened focus on reducing administrative overheads and improving financial transparency are key factors contributing to the increasing demand for payroll and accounting services worldwide.

One of the primary growth factors for the payroll and accounting services market is the rapid digital transformation witnessed across various industries. Businesses are increasingly adopting advanced technology solutions such as AI and machine learning, cloud computing, and big data analytics to streamline their financial operations and ensure accuracy in payroll processing and accounting. This technological integration helps organizations to reduce manual errors, improve efficiency, and ensure compliance with regulatory standards, thereby driving the market's growth.

The rise in globalization and the expansion of businesses across borders have significantly contributed to the demand for payroll and accounting services. As companies scale internationally, managing payroll and accounting becomes more complex due to varying tax laws, regulatory requirements, and currency exchanges. Outsourcing these services to specialized providers enables businesses to focus on core activities while ensuring that their financial operations are managed efficiently and in compliance with international standards. This trend is particularly prominent in sectors such as IT, telecommunications, and manufacturing where global operations are commonplace.

Another major growth driver is the increasing preference for outsourcing non-core activities. By outsourcing payroll and accounting services, businesses can reduce operational costs, gain access to specialized expertise, and enhance their overall productivity. This is especially beneficial for small and medium enterprises (SMEs) that may not have the resources to maintain in-house teams for these functions. Outsourcing provides them with scalable solutions that can grow with their business needs while ensuring high-quality service delivery. The growing awareness of these benefits is leading to an upsurge in the adoption of payroll and accounting services across various industries.

Regionally, North America holds a significant share in the payroll and accounting services market due to the presence of major service providers and a high adoption rate of advanced technologies. The region's stringent regulatory environment necessitates the use of specialized payroll and accounting services to ensure compliance. Asia Pacific is expected to witness the highest growth rate during the forecast period, driven by the rapid economic development, increasing adoption of digital solutions, and the expansion of multinational companies in the region. The European market also shows substantial growth potential, supported by the increasing outsourcing trends and the need for compliance with complex regulatory frameworks.

Service Type Analysis

The payroll processing segment is a cornerstone of the payroll and accounting services market, providing essential services that help organizations manage employee compensation, benefits, and deductions accurately and efficiently. This segment's growth is fueled by the increasing complexity of payroll regulations and the need for businesses to ensure compliance to avoid penalties. Payroll processing services offer automation and integration capabilities, reducing manual intervention and the likelihood of errors. Additionally, these services provide valuable insights through advanced reporting and analytics, enabling businesses to make informed decisions regarding their workforce and compensation strategies.

Bookkeeping services form another critical segment, offering comprehensive solutions for managing financial records, transactions, and statements. The demand for bookkeeping services is driven by the need for accurate financial data for decision-making, auditing, and compliance purposes. By outsourcing bookkeeping, businesses can focus on strategic activities while ensuring that their financial records are maintained meticulously. This segment is particularly vital for SMEs that may lack the resources to manage extensive financial documentation in-house. The integration of cl