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
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:
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.
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SOURCE ADP, Inc.