ADP National Employment Report: Private Sector Employment Increased by 146,000 Jobs in November; Annual Pay was Up 4.8%
ADP's November National Employment Report shows private sector employment increased by 146,000 jobs, with annual pay rising 4.8% year-over-year. Large employers led growth with 120,000 new jobs, while small establishments decreased by 17,000 jobs.
The service-providing sector added 140,000 jobs, with education/health services contributing 50,000 positions. Manufacturing showed weakness with a decline of 26,000 jobs. By region, the South led with 61,000 new jobs, followed by the Northeast with 38,000.
Pay gains accelerated in November, with job-stayers seeing a 4.8% increase and job-changers experiencing a 7.2% rise. The October jobs total was revised down from 233,000 to 184,000.
Il Rapporto Nazionale sull'Occupazione di ADP di Novembre indica che l'occupazione nel settore privato è aumentata di 146.000 posti di lavoro, con un aumento della retribuzione annua del 4,8% rispetto all'anno precedente. I grandi datori di lavoro hanno guidato la crescita con 120.000 nuovi posti di lavoro, mentre le piccole imprese hanno registrato una diminuzione di 17.000 posti di lavoro.
Il settore dei servizi ha aggiunto 140.000 posti di lavoro, con il settore educativo e dei servizi sanitari che ha contribuito con 50.000 posizioni. Il settore manifatturiero ha mostrato segnali di debolezza con una flessione di 26.000 posti di lavoro. Per regione, il Sud ha guidato con 61.000 nuovi posti, seguito dal Nord-Est con 38.000.
Gli aumenti di stipendio hanno accelerato a Novembre, con coloro che mantenevano il lavoro che hanno visto un incremento del 4,8% e coloro che cambiavano lavoro che hanno sperimentato un aumento del 7,2%. Il totale dei posti di lavoro di Ottobre è stato rivisto da 233.000 a 184.000.
El Informe Nacional de Empleo de ADP de Noviembre muestra que el empleo en el sector privado aumentó en 146,000 empleos, con un aumento salarial anual del 4.8% interanual. Los grandes empleadores lideraron el crecimiento con 120,000 nuevos empleos, mientras que los pequeños establecimientos disminuyeron en 17,000 empleos.
El sector de servicios agregó 140,000 empleos, con los servicios de educación/salud contribuyendo con 50,000 posiciones. La manufactura mostró debilidad con una caída de 26,000 empleos. Por región, el Sur lideró con 61,000 nuevos empleos, seguido por el Noreste con 38,000.
Los aumentos salariales se aceleraron en Noviembre, con quienes mantuvieron su trabajo viendo un aumento del 4.8% y quienes cambiaron de trabajo experimentando un aumento del 7.2%. El total de empleos de Octubre fue revisado de 233,000 a 184,000.
ADP의 11월 국가 고용 보고서에 따르면 민간 부문의 고용이 146,000개의 일자리 증가하였고 연간 급여는 작년 대비 4.8% 상승하였습니다. 대규모 고용주가 120,000개의 새로운 일자리로 성장을 이끌었으며, 소규모 사업체는 17,000개의 일자리를 감소하였습니다.
서비스 제공 부문은 140,000개의 일자리를 추가하였으며, 교육/보건 서비스 부문이 50,000개의 일자를 기여하였습니다. 제조업은 26,000개의 일자리가 감소하여 약세를 보였습니다. 지역별로는 남부가 61,000개의 새로운 일자리로 선두를 차지하였고, 북동부가 38,000개로 뒤를 이었습니다.
11월 급여 상승률이 가속화되었으며, 직장을 유지한 사람들은 4.8% 증가하고 직장을 바꾼 사람들은 7.2% 상승했습니다. 10월의 고용 총계는 233,000에서 184,000으로 하향 수정되었습니다.
Le Rapport National sur l'Emploi d'ADP de Novembre montre que l'emploi dans le secteur privé a augmenté de 146.000 emplois, avec une augmentation de salaire annuel de 4,8% par rapport à l'année précédente. Les grands employeurs ont mené la croissance avec 120.000 nouveaux emplois, tandis que les petites entreprises ont diminué de 17.000 emplois.
Le secteur des services a ajouté 140.000 emplois, avec les services éducatifs/de santé contribuant à 50.000 postes. Le secteur manufacturier a montré des signes de faiblesse avec une baisse de 26.000 emplois. Par région, le Sud a mené avec 61.000 nouveaux emplois, suivi par le Nord-Est avec 38.000.
Les gains de salaire ont accéléré en Novembre, avec les personnes qui restent dans leur emploi voyant une augmentation de 4,8% et celles qui changent d'emploi connaissant une hausse de 7,2%. Le total des emplois d'Octobre a été révisé à la baisse, passant de 233.000 à 184.000.
Der Nationale Beschäftigungsbericht von ADP für November zeigt, dass die Beschäftigung im privaten Sektor um 146.000 Arbeitsplätze gestiegen ist, wobei die jährlichen Löhne im Vergleich zum Vorjahr um 4,8% zugenommen haben. Große Arbeitgeber führten mit 120.000 neuen Arbeitsplätzen das Wachstum an, während kleine Betriebe um 17.000 Arbeitsplätze zurückgingen.
Der Dienstleistungssektor hat 140.000 Arbeitsplätze hinzugefügt, wobei Bildungs- und Gesundheitsdienstleistungen 50.000 Positionen beigetragen haben. Der Herstellungssektor zeigte Schwächen mit einem Rückgang von 26.000 Arbeitsplätzen. Nach Regionen führte der Süden mit 61.000 neuen Arbeitsplätzen, gefolgt vom Nordosten mit 38.000.
Die Lohnsteigerungen haben sich im November beschleunigt, wobei die Arbeitnehmer, die ihren Job behalten haben, eine Erhöhung von 4,8% verzeichneten und Jobwechsler einen Anstieg von 7,2% erfuhren. Die Zahl der Arbeitsplätze im Oktober wurde von 233.000 auf 184.000 nach unten korrigiert.
- Private sector added 146,000 new jobs in November
- Annual pay increased 4.8% for job-stayers and 7.2% for job-changers
- Education/health services sector showed strong growth with 50,000 new jobs
- Large establishments (500+ employees) added 120,000 jobs
- Manufacturing sector lost 26,000 jobs
- Small establishments decreased by 17,000 jobs
- October jobs total revised downward from 233,000 to 184,000
- East South Central region lost 11,000 jobs
Insights
The November jobs report shows a moderating but resilient labor market. Private sector employment grew by
The
The regional distribution shows broad-based growth, with the South leading at
For ADP, this report demonstrates the company's important role in providing high-frequency labor market insights through its vast payroll database covering over 25 million U.S. employees. The mixed sectoral performance and wage trends suggest a "soft landing" scenario, which could benefit ADP's business model as companies continue to need sophisticated payroll and HR services.
The downward revision of October's numbers from
The jobs report and pay insights use ADP's fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month's total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of
"While overall growth for the month was healthy, industry performance was mixed," said Nela Richardson, chief economist, ADP. "Manufacturing was the weakest we've seen since spring. Financial services and leisure and hospitality were also soft."
November 2024 Report Highlights*
View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.
JOBS REPORT
Private employers added 146,000 jobs in November
Strong hiring at large employers led this month's growth.
Change in
Change by Industry Sector
- Goods-producing: 6,000
- Natural resources/mining 2,000
- Construction 30,000
- Manufacturing -26,000
- Service-providing: 140,000
- Trade/transportation/utilities 28,000
- Information 4,000
- Financial activities 5,000
- Professional/business services 18,000
- Education/health services 50,000
- Leisure/hospitality 15,000
- Other services 20,000
Change by
- Northeast: 38,000
- New England -10,000
- Middle Atlantic 48,000
- Midwest: 31,000
- East North Central 26,000
- West North Central 5,000
- South: 61,000
- South Atlantic 42,000
- East South Central -11,000
- West South Central 30,000
- West: 29,000
- Mountain 18,000
- Pacific 11,000
Change by Establishment Size
- Small establishments: -17,000
- 1-19 employees 12,000
- 20-49 employees -29,000
- Medium establishments: 42,000
- 50-249 employees 23,000
- 250-499 employees 19,000
- Large establishments: 120,000
- 500+ employees 120,000
PAY INSIGHTS
Pay gains accelerated in November
Year-over-year pay gains for job-stayers edged up for the first time in 25 months, to 4.8 percent. For job-changers, pay gains rose to 7.2 percent.
Median Change in Annual Pay (ADP matched person sample)
- Job-Stayers
- Job-Changers 7.
Median Change in Annual Pay for Job-Stayers by Industry Sector
- Goods-producing:
- Natural resources/mining
3.6% - Construction
5.2% - Manufacturing
4.7%
- Service-providing:
- Trade/transportation/utilities
4.6% - Information
4.5% - Financial activities
5.0% - Professional/business services
4.7% - Education/health services
5.1% - Leisure/hospitality
4.9% - Other services
4.9%
Median Change in Annual Pay for Job-Stayers by Firm Size
- Small firms:
- 1-19 employees
4.2% - 20-49 employees
4.8%
- Medium firms:
- 50-249 employees
4.9% - 250-499 employees
4.8%
- Large firms:
- 500+ employees
4.7%
To see Pay Insights by
* Sum of components may not equal total due to rounding.
The October total of jobs added was revised from 233,000 to 184,000. The historical data file and weekly data for the previous month are available at https://adpemploymentreport.com/.
Our November employment estimates are informed by the latest Quarterly Census of Employment and Wages (QCEW) data, which caused a downward revision in October. Our annual benchmarking of the full data series will occur with the January 2025 NER release.
To subscribe to monthly email alerts or obtain additional information about the ADP National Employment Report, including employment and pay data, interactive charts, methodology, and a calendar of release dates, please visit https://adpemploymentreport.com/.
The December 2024 ADP National Employment Report will be released at 8:15 a.m. ET on January 8, 2025.
About the ADP® National Employment ReportTM
The ADP National Employment Report is an independent measure of the change in
The ADP National Employment Report is broadly distributed to the public each month, free of charge, as part of the company's commitment to offering deeper insights of the
About the ADP Research
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policymakers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.
About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com
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SOURCE ADP, Inc.
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