ADP National Employment Report: Private Sector Employment Increased by 233,000 Jobs in October; Annual Pay was Up 4.6%
The October 2024 ADP National Employment Report shows private sector employment increased by 233,000 jobs, marking the highest level since July 2023. The report indicates annual pay growth of 4.6% for job-stayers and 6.2% for job-changers. Service-providing sectors led job growth with 211,000 new positions, while manufacturing was the only sector showing job losses (-19,000). The report, based on anonymized payroll data from over 25 million U.S. employees, demonstrates robust hiring despite hurricane recovery efforts. September's job addition figures were revised upward from 143,000 to 159,000.
Il Rapporto Nazionale sull'Occupazione ADP di ottobre 2024 mostra che l'occupazione nel settore privato è aumentata di 233.000 posti di lavoro, segnando il livello più alto da luglio 2023. Il rapporto indica una crescita salariale annuale del 4,6% per chi rimane nel posto di lavoro e del 6,2% per chi cambia lavoro. I settori dei servizi hanno guidato la crescita occupazionale con 211.000 nuove posizioni, mentre il settore manifatturiero è stata l'unica area a mostrare perdite di lavoro (-19.000). Il rapporto, basato su dati retributivi anonimizzati di oltre 25 milioni di lavoratori statunitensi, dimostra una robusta assunzione nonostante gli sforzi di recupero dopo l'uragano. Le cifre relative alle assunzioni di settembre sono state riviste al rialzo da 143.000 a 159.000.
El Informe Nacional de Empleo ADP de octubre de 2024 muestra que el empleo en el sector privado aumentó en 233,000 puestos de trabajo, marcando el nivel más alto desde julio de 2023. El informe indica un crecimiento salarial anual del 4,6% para quienes permanecen en su trabajo y del 6,2% para quienes cambian de trabajo. Los sectores de servicios lideraron el crecimiento del empleo con 211,000 nuevas posiciones, mientras que el sector manufacturero fue el único que mostró pérdidas de empleo (-19,000). El informe, basado en datos anónimos de nóminas de más de 25 millones de empleados en EE. UU., demuestra una sólida contratación a pesar de los esfuerzos de recuperación tras el huracán. Las cifras de empleo de septiembre se han revisado al alza de 143,000 a 159,000.
2024년 10월 ADP 국가 고용 보고서는 민간 부문 고용이 233,000개 일자리를 증가시켰다고 보여주며, 이는 2023년 7월 이후 가장 높은 수준입니다. 보고서에 따르면 연간 급여 성장률은 4.6%로 고용 유지자에게는 4.6%, 일자리를 바꾼 사람에게는 6.2%입니다. 서비스 제공 분야가 211,000개의 새로운 일자리로 고용 성장의 미사를 이끌었으며, 제조업은 유일하게 일자리 손실을 보인 분야입니다 (-19,000). 이 보고서는 2,500만 명 이상의 미국 직원으로부터 익명화된 급여 데이터를 기반으로 하여 허리케인 복구 노력에도 불구하고 강한 채용을 보여줍니다. 9월의 일자리 추가 수치는 143,000에서 159,000으로 상향 조정되었습니다.
Le Rapport National sur l'Emploi ADP d'octobre 2024 montre que l'emploi dans le secteur privé a augmenté de 233 000 postes, atteignant le niveau le plus élevé depuis juillet 2023. Le rapport indique une croissance salariale annuelle de 4,6% pour les personnes restant dans leur emploi et de 6,2% pour celles qui changent d'emploi. Les secteurs de services ont conduit la croissance de l'emploi avec 211 000 nouveaux postes, tandis que le secteur manufacturier était le seul à montrer des pertes d'emplois (-19 000). Le rapport, basé sur des données de paie anonymisées de plus de 25 millions d'employés américains, montre un recrutement solide malgré les efforts de récupération après l'ouragan. Les chiffres d'ajout d'emplois de septembre ont été révisés à la hausse de 143 000 à 159 000.
Der ADP Nationale Beschäftigungsbericht für Oktober 2024 zeigt, dass die Beschäftigung im privaten Sektor um 233.000 Stellen gestiegen ist, was den höchsten Stand seit Juli 2023 markiert. Der Bericht weist auf ein jährliches Lohnwachstum von 4,6% für Jobbleiber und 6,2% für Jobwechsler hin. Die dienstleistungsorientierten Sektoren führten das Beschäftigungswachstum mit 211.000 neuen Stellen an, während der Produktionssektor der einzige Sektor war, der Arbeitsplätze verlor (-19.000). Der Bericht basiert auf anonymisierten Lohnsdaten von über 25 Millionen US-Arbeitnehmern und zeigt eine robuste Einstellungstätigkeit trotz der Wiederherstellungsmaßnahmen nach dem Hurrikan. Die Jobzuwächse für September wurden von 143.000 auf 159.000 nach oben korrigiert.
- Strong job growth with 233,000 new private sector jobs added
- Service-providing sectors added 211,000 jobs
- Upward revision of September employment figures from 143,000 to 159,000
- Continued wage growth with 4.6% increase for job-stayers
- Manufacturing sector lost 19,000 jobs
- Pay gains for job-stayers continued two-year slowdown
- Job-changers' pay gains decreased to 6.2%
Insights
The October jobs report reveals a robust labor market with
The
Large establishments dominated hiring with
For ADP, this report demonstrates the company's important role in providing high-frequency labor market insights, strengthening its position as a key economic indicator source. The extensive dataset covering 25 million U.S. employees and pay data from 10 million workers showcases ADP's market penetration and data analytics capabilities.
The broad-based job growth across sectors and regions, despite manufacturing weakness, indicates continued business investment in human capital. This trend supports sustained demand for ADP's payroll and HR services, particularly among large enterprises which showed the strongest hiring.
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
"Even amid hurricane recovery, job growth was strong in October," said Nela Richardson, chief economist, ADP. "As we round out the year, hiring in the
October 2024 Report Highlights*
View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.
JOBS REPORT
Private employers added 233,000 jobs in October
Job creation hit its highest level since July 2023 as the economy worked through hurricane recovery. Manufacturing was the only sector to shed jobs.
Change in
Change by Industry Sector
- Goods-producing: 22,000
- Natural resources/mining 4,000
- Construction 37,000
- Manufacturing -19,000
- Service-providing: 211,000
- Trade/transportation/utilities 51,000
- Information 7,000
- Financial activities 11,000
- Professional/business services 31,000
- Education/health services 53,000
- Leisure/hospitality 37,000
- Other services 21,000
Change by
- Northeast: 48,000
- New England -6,000
- Middle Atlantic 54,000
- Midwest: 63,000
- East North Central 51,000
- West North Central 12,000
- South: 77,000
- South Atlantic 60,000
- East South Central -13,000
- West South Central 30,000
- West: 44,000
- Mountain 26,000
- Pacific 18,000
Change by Establishment Size
- Small establishments: 4,000
- 1-19 employees 10,000
- 20-49 employees -6,000
- Medium establishments: 86,000
- 50-249 employees 58,000
- 250-499 employees 28,000
- Large establishments: 140,000
- 500+ employees 140,000
PAY INSIGHTS
Pay gains slowed in October
Year-over-year pay gains for job-stayers dipped to 4.6 percent, continuing a two-year slowdown. For job-changers, pay gains slowed to 6.2 percent.
Median Change in Annual Pay (ADP matched person sample)
- Job-Stayers
- Job-Changers 6.
Median Change in Annual Pay for Job-Stayers by Industry Sector
- Goods-producing:
- Natural resources/mining
3.4% - Construction
4.9% - Manufacturing
4.5%
- Service-providing:
- Trade/transportation/utilities
4.4% - Information
4.3% - Financial activities
4.9% - Professional/business services
4.5% - Education/health services
5.1% - Leisure/hospitality
4.6% - Other services
4.8%
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
4.9% - 250-499 employees
4.8%
- Large firms:
- 500+ employees
4.6%
To see Pay Insights by
* Sum of components may not equal total due to rounding.
The September total of jobs added was revised from 143,000 to 159,000. 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 November 2024 ADP National Employment Report will be released at 8:15 a.m. ET on December 4, 2024.
About the ADP® National Employment Report™
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
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 © 2024 ADP, Inc. All rights reserved.
ADP-Media
View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-increased-by-233-000-jobs-in-october-annual-pay-was-up-4-6-302291459.html
SOURCE ADP, Inc.
FAQ
How many private sector jobs did ADP report for October 2024?
What was the annual pay increase for job-stayers according to ADP's October 2024 report?
Which sector showed job losses in ADP's October 2024 employment report?
How much did service-providing sectors grow in ADP's October 2024 report?
