Private businesses in the US added 122K workers to their payrolls in December 2024, the least in four months, compared to 146K in November and below forecasts of 140K. "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. Health care stood out in the second half of the year, creating more jobs than any other sector", said Nela Richardson, chief economist, ADP. The service-producing sector added 112K jobs, led by education/health services (57K); leisure/hospitality (22K); financial activities (12K); trade/transportation/utilities (8K); and information (5K). The goods-producing sector added 10K jobs due to construction (27K) while manufacturing shed jobs for a third month (-11K) and the natural resources/mining sector lost 6K jobs. Meanwhile, annual pay growth for job-stayers slowed to 4.6%, the slowest since July 2021. Pay growth for job-changers was 7.1%, a slight decline from November. source: Automatic Data Processing, Inc.
Private businesses in the United States hired 122 thousand workers in December of 2024 compared to 146 thousand in November of 2024. ADP Employment Change in the United States averaged 162.27 Thousand from 2010 until 2024, reaching an all time high of 1081.00 Thousand in July of 2021 and a record low of -6759.00 Thousand in April of 2020. This page provides the latest reported value for - United States ADP Employment Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ADP Employment Change - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.
Private businesses in the United States hired 122 thousand workers in December of 2024 compared to 146 thousand in November of 2024. ADP Employment Change in the United States is expected to be 100.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations.