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ADP National Employment Report: Private Sector Employment Increased by 122,000 Jobs in December; Annual Pay was Up 4.6%

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ADP's National Employment Report shows private sector employment increased by 122,000 jobs in December 2024, with annual pay rising 4.6% year-over-year. The report highlights a slowdown in both hiring and pay gains, with health care emerging as the leading sector for job creation in the second half of 2024.

Key sector changes include: goods-producing sectors added 10,000 jobs, while service-providing sectors contributed 112,000 positions. Manufacturing declined for the third consecutive month, losing 11,000 jobs. The West region led employment growth with 82,000 new jobs. Large establishments (500+ employees) dominated hiring with 97,000 new positions.

Pay insights reveal job-stayers' wage growth slowed to 4.6%, the lowest since July 2021, while job-changers saw a 7.1% increase, slightly down from November. The report is based on actual payroll data from over 25 million U.S. employees.

Il Rapporto Nazionale sull'Occupazione di ADP indica che l'occupazione nel settore privato è aumentata di 122.000 posti di lavoro a dicembre 2024, con un aumento annuale della retribuzione del 4,6% rispetto all'anno precedente. Il rapporto evidenzia un rallentamento sia nelle assunzioni che nei guadagni salariali, con il settore sanitario che emerge come il principale settore per la creazione di posti di lavoro nella seconda metà del 2024.

Cambiamenti chiave nei settori includono: i settori produttivi hanno aggiunto 10.000 posti di lavoro, mentre i settori dei servizi hanno contribuito con 112.000 posizioni. La manifattura ha registrato una diminuzione per il terzo mese consecutivo, perdendo 11.000 posti di lavoro. La regione Ovest ha guidato la crescita occupazionale con 82.000 nuovi posti di lavoro. Le grandi aziende (500 o più dipendenti) hanno dominato le assunzioni con 97.000 nuove posizioni.

Le informazioni sulle retribuzioni rivelano che la crescita salariale per chi rimane nel lavoro è rallentata al 4,6%, il livello più basso da luglio 2021, mentre chi cambia lavoro ha visto un aumento del 7,1%, leggermente in calo rispetto a novembre. Il rapporto si basa su dati retributivi effettivi di oltre 25 milioni di dipendenti statunitensi.

El Informe Nacional de Empleo de ADP muestra que el empleo en el sector privado aumentó en 122,000 empleos en diciembre de 2024, con un aumento salarial anual del 4.6% interanual. El informe destaca una desaceleración tanto en la contratación como en el aumento de salarios, siendo el sector de la salud el principal sector para la creación de empleos en la segunda mitad de 2024.

Los cambios clave en los sectores incluyen: los sectores de producción de bienes añadieron 10,000 empleos, mientras que los sectores de servicios contribuyeron con 112,000 posiciones. La manufactura disminuyó por tercer mes consecutivo, perdiendo 11,000 empleos. La región Oeste lideró el crecimiento del empleo con 82,000 nuevos empleos. Las grandes empresas (500 o más empleados) dominaron la contratación con 97,000 nuevas posiciones.

Los datos sobre salarios revelan que el crecimiento salarial para los que se quedan en sus trabajos se desaceleró al 4.6%, el más bajo desde julio de 2021, mientras que los que cambian de empleo vieron un aumento del 7.1%, ligeramente inferior al de noviembre. El informe se basa en datos reales de nómina de más de 25 millones de empleados en EE. UU.

ADP의 국가 고용 보고서에 따르면, 2024년 12월에 민간 부문 고용이 122,000개의 일자리로 증가했으며, 연간 급여는 전년 대비 4.6% 상승했습니다. 이 보고서는 채용과 급여 증가가 모두 느려지고 있음을 강조하며, 2024년 하반기에는 의료 분야가 일자리 창출의 주요 섹터로 떠올랐습니다.

주요 섹터 변화에는: 재화 생산 부문이 10,000개의 일자리를 추가한 반면, 서비스 제공 부문은 112,000개의 직위를 기여했습니다. 제조업은 3개월 연속 감소하며 11,000개의 일자리를 잃었습니다. 서부 지역은 82,000개의 신규 일자리로 고용 성장을 이끌었습니다. 대규모 업체(500명 이상 직원)는 97,000개의 신규 직위를 채용하는 데 주도적이었습니다.

급여 통계를 보면, 계속 일하고 있는 사람들의 급여 성장률이 4.6%로 줄어들어 2021년 7월 이후 최저치를 기록했고, 일자리를 변경한 사람들은 7.1%의 증가를 보였지만, 이는 11월보다 약간 감소한 수치입니다. 이 보고서는 2,500만 명 이상의 미국 직원의 실제 급여 데이터를 기반으로 합니다.

Le Rapport National sur l'Emploi de l'ADP indique que l'emploi dans le secteur privé a augmenté de 122,000 emplois en décembre 2024, avec une augmentation annuelle des salaires de 4,6% par rapport à l'année précédente. Le rapport souligne un ralentissement tant dans les recrutements que dans les augmentations de salaires, le secteur de la santé émergeant comme le principal secteur pour la création d'emplois dans la seconde moitié de 2024.

Les changements clés dans les secteurs incluent : les secteurs de production de biens ont ajouté 10.000 emplois, tandis que les secteurs de services ont contribué à hauteur de 112.000 postes. Le secteur de la fabrication a connu une baisse pour le troisième mois consécutif, perdant 11.000 postes. La région Ouest a mené la croissance de l'emploi avec 82.000 nouveaux postes. Les grandes entreprises (500 employés ou plus) ont dominé les recrutements avec 97.000 nouvelles positions.

Les indications sur les salaires révèlent que la croissance salariale pour les travailleurs stables a ralenti à 4,6%, le chiffre le plus bas depuis juillet 2021, tandis que ceux qui changent d'emploi ont connu une augmentation de 7,1%, légèrement inférieure à celle de novembre. Le rapport est basé sur des données de paie réelles de plus de 25 millions d'employés américains.

Der nationale Beschäftigungsbericht von ADP zeigt, dass die Beschäftigung im Privatsektor im Dezember 2024 um 122.000 Arbeitsplätze gestiegen ist, während die jährliche Vergütung um 4,6% im Vergleich zum Vorjahr zugenommen hat. Der Bericht hebt eine Verlangsamung sowohl bei den Einstellungen als auch bei den Gehaltszuwächsen hervor, wobei die Gesundheitsbranche im zweiten Halbjahr 2024 als führender Sektor für die Schaffung von Arbeitsplätzen hervorgeht.

Wichtige Veränderungen in den Sektoren umfassen: Die Güterproduzierenden Sektoren haben 10.000 Arbeitsplätze hinzugefügt, während die Dienstleistungssektoren 112.000 Positionen beigetragen haben. Die Fertigung verzeichnete zum dritten Mal in Folge einen Rückgang und verlor 11.000 Arbeitsplätze. Die Westregion führte das Beschäftigungswachstum mit 82.000 neuen Arbeitsplätzen an. Große Unternehmen (500 oder mehr Mitarbeiter) dominierten die Einstellungen mit 97.000 neuen Positionen.

Die Gehaltsdaten zeigen, dass das Lohnwachstum für Mitarbeiter, die im Unternehmen bleiben, auf 4,6% gesenkt wurde, die niedrigste Rate seit Juli 2021, während Jobwechselnde einen Anstieg von 7,1% verzeichneten, was leicht unter dem Niveau von November liegt. Der Bericht basiert auf tatsächlichen Gehaltsdaten von mehr als 25 Millionen US-Mitarbeitern.

Positive
  • Private sector added 122,000 new jobs
  • Annual pay increased 4.6% year-over-year
  • Service-providing sectors added 112,000 jobs
  • Healthcare sector showed strong job creation
  • Large establishments (500+ employees) added 97,000 jobs
Negative
  • Overall hiring pace showed significant slowdown
  • Manufacturing sector declined for third straight month (-11,000 jobs)
  • Pay growth decelerated to slowest pace since July 2021
  • Job-changers' pay growth declined from previous month
  • Professional/business services lost 5,000 jobs

Insights

The December employment data reveals a notable deceleration in the private sector labor market. The addition of 122,000 jobs, down from November's 146,000, coupled with cooling wage growth at 4.6% for job-stayers, signals a clear moderation in labor market dynamics. The healthcare sector's resilience stands out, contributing significantly to job creation amid broader market softening.

The sectoral breakdown shows concerning trends in manufacturing, with a third consecutive month of job losses (-11,000). The regional disparity is striking - the West region added 82,000 jobs while other regions showed modest gains, highlighting geographical labor market imbalances. Large establishments (500+ employees) dominated hiring with 97,000 new positions, while smaller businesses struggled to expand their workforce.

The gap between job-stayer (4.6%) and job-changer (7.1%) wage growth continues to narrow, suggesting reduced pressure on employers to retain talent through aggressive compensation increases. This wage growth moderation aligns with the Federal Reserve's inflation-fighting objectives.

For ADP's business model, this report presents mixed implications. The company's position as the leading payroll processor means slower employment growth could impact revenue growth potential. However, the continued wage increases, albeit at a slower pace, still support ADP's percentage-based fee structure on payroll processing.

The sustained demand for healthcare workers, evidenced by the sector's leading job creation, represents a valuable growth opportunity for ADP's specialized HR solutions. The regional hiring variations, particularly the West's strong performance, suggest targeted market opportunities for ADP's services.

The divergence between large and small business hiring patterns - with large enterprises adding 97,000 jobs while small businesses only added 5,000 - indicates a potential need for ADP to strengthen its small business segment offerings. This could include enhanced tools for recruitment and retention in a challenging labor market.

ROSELAND, N.J., Jan. 8, 2025 /PRNewswire/ -- Private sector employment increased by 122,000 jobs in December and annual pay was up 4.6 percent year-over-year, according to the December ADP® National Employment Report™ produced by ADP Research in collaboration with the Stanford Digital Economy Lab ("Stanford Lab"). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.

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 U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP's pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period.

"The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains," said Nela Richardson, chief economist, ADP. "Health care stood out in the second half of the year, creating more jobs than any other sector."

December 2024 Report Highlights*

View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.

JOBS REPORT

Private employers added 122,000 jobs in December
Hiring slowed in several industries. Employment in manufacturing shrank for the third straight month.

Change in U.S. Private Employment:     122,000

Change by Industry Sector

Goods-producing:     10,000

  • Natural resources/mining     -6,000
  • Construction     27,000
  • Manufacturing     -11,000

Service-providing:     112,000

  • Trade/transportation/utilities     8,000
  • Information     5,000
  • Financial activities     12,000
  • Professional/business services     -5,000
  • Education/health services     57,000
  • Leisure/hospitality     22,000
  • Other services     13,000

Change by U.S. Regions

- Northeast:     19,000

  • New England     6,000
  • Middle Atlantic     13,000

- Midwest:     7,000

  • East North Central     -2,000
  • West North Central     9,000

- South:     19,000

  • South Atlantic     -1,000
  • East South Central     4,000
  • West South Central     16,000

- West:     82,000

  • Mountain     26,000
  • Pacific     56,000

Change by Establishment Size

Small establishments:     5,000

  • 1-19 employees     -1,000
  • 20-49 employees     6,000

- Medium establishments:      9,000

  • 50-249 employees     -2,000
  • 250-499 employees     11,000

Large establishments:     97,000

  • 500+ employees     97,000

PAY INSIGHTS

Pay gains slowed in December
Year-over-year pay growth for job-stayers slowed to 4.6 percent, the slowest pace of gains since July 2021. Pay growth for job-changers was 7.1 percent, a slight decline from November.

Median Change in Annual Pay (ADP matched person sample)

- Job-Stayers     4.6%

- Job-Changers     7.1%

Median Change in Annual Pay for Job-Stayers by Industry Sector

- Goods-producing:                                                       

  • Natural resources/mining     3.8%
  • Construction     5.1%
  • Manufacturing     4.5%

Service-providing:                                               

  • Trade/transportation/utilities     4.4%
  • Information     4.4%
  • Financial activities     4.9%
  • Professional/business services     4.5%
  • Education/health services     4.9%
  • Leisure/hospitality     4.6%
  • Other services     4.7%

Median Change in Annual Pay for Job-Stayers by Firm Size

Small firms:                                                                

  • 1-19 employees     3.9%
  • 20-49 employees     4.6%

Medium firms:                                                             

  • 50-249 employees     4.8%
  • 250-499 employees     4.8%

Large firms:                                                                

  • 500+ employees     4.6%

To see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here:

* Sum of components may not equal total due to rounding.

The November total number of jobs added remained unchanged at 146,000. The historical data file and weekly data for the previous month are available at https://adpemploymentreport.com/.

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 January 2025 ADP National Employment Report will be released at 8:15 a.m. ET on February 5, 2025.

About the ADP® National Employment Report™
The ADP National Employment Report is an independent measure of the change in U.S. private employment and pay derived from actual, anonymized payroll data of client companies served by ADP, a leading provider of human capital management solutions. The report is produced by ADP Research in collaboration with the Stanford Digital Economy Lab.

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 U.S. labor market and providing businesses and governments with a source of credible and valuable information.

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

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, ADP Research Institute and ADP Research are trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2025 ADP, Inc. All rights reserved.

ADP-Media

(PRNewsfoto/ADP, LLC)

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-increased-by-122-000-jobs-in-december-annual-pay-was-up-4-6-302345778.html

SOURCE ADP, Inc.

FAQ

How many private sector jobs did ADP report for December 2024?

ADP reported an increase of 122,000 private sector jobs in December 2024.

What was the annual pay increase according to ADP's December 2024 report?

The annual pay increased by 4.6% year-over-year for job-stayers.

Which sector showed the biggest job losses in ADP's December 2024 report?

Manufacturing showed the biggest losses, declining by 11,000 jobs, marking its third straight month of decline.

What was the job growth difference between small and large businesses in ADP's December report?

Large businesses (500+ employees) added 97,000 jobs, while small establishments (1-49 employees) added only 5,000 jobs.

How much higher was the pay growth for job-changers compared to job-stayers in December 2024?

Job-changers' pay growth was 7.1%, which was 2.5 percentage points higher than job-stayers at 4.6%.

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