Historical Year Data · 1971

Nonfarm Payrolls in 1971

Nonfarm Payrolls opened 1971 at 70,865 and closed at 72,109, a +1.76% move for the year. The high of 72,109 was reached on December 1, and the low of 70,807 on February 1.

Open

70,865

1971-01

72,109

12 data points

High

72,109

Dec 1

Low

70,807

Feb 1

Full Year Change

+1.76%

1970 Change

-0.54%

Monthly Breakdown

Month	Open	Close	High	Low	Change
Jan	70,865	70,865	70,865	70,865	+0.00%
Feb	70,807	70,807	70,807	70,807	+0.00%
Mar	70,860	70,860	70,860	70,860	+0.00%
Apr	71,036	71,036	71,036	71,036	+0.00%
May	71,247	71,247	71,247	71,247	+0.00%
Jun	71,254	71,254	71,254	71,254	+0.00%
Jul	71,315	71,315	71,315	71,315	+0.00%
Aug	71,373	71,373	71,373	71,373	+0.00%
Sep	71,614	71,614	71,614	71,614	+0.00%
Oct	71,642	71,642	71,642	71,642	+0.00%
Nov	71,847	71,847	71,847	71,847	+0.00%
Dec	72,109	72,109	72,109	72,109	+0.00%

Events During 1971

1971 Nixon Shock (End of Gold Standard)

Stagflation

August 15, 1971

On August 15, 1971, President Nixon announced the United States would no longer convert dollars to gold at $35/oz, ending the Bretton Woods system and ushering in the modern fiat era.

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