In October 2024, U.S. private sector employment increased by 233,000 jobs, marking the highest monthly job creation since July 2023, according to the ADP® National Employment Report™.
In October 2024, U.S. private sector employment increased by 233,000 jobs, marking the highest monthly job creation since July 2023, according to the ADP® National Employment Report™. This boost in hiring reflects continued recovery efforts from recent hurricane impacts, aiding job growth across most sectors. Annual pay saw a 4.6% year-over-year increase, highlighting sustained wage growth.
While most sectors experienced employment gains, the manufacturing sector recorded a decline in jobs, standing out as the only sector to face contraction. This overall positive trend in employment signals resilience in the private sector, as businesses navigate ongoing economic challenges.
Source: ADP National Employment Report™
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