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

PR Newswire01-08 21:15

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 ...

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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.\nThe 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.\n\"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.\"\nDecember 2024 Report Highlights*\nView the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.\nJOBS REPORT\nPrivate employers added 122,000 jobs in DecemberHiring slowed in several industries. Employment in manufacturing shrank for the third straight month.\nChange in U.S. Private Employment:     122,000\nChange by Industry Sector\n- Goods-producing:     10,000\n\nNatural resources/mining     -6,000\nConstruction     27,000\nManufacturing     -11,000\n\n- Service-providing:     112,000\n\nTrade/transportation/utilities     8,000\nInformation     5,000\nFinancial activities     12,000\nProfessional/business services     -5,000\nEducation/health services     57,000\nLeisure/hospitality     22,000\nOther services     13,000\n\nChange by U.S. Regions \n- Northeast:     19,000\n\nNew England     6,000\nMiddle Atlantic     13,000\n\n- Midwest:     7,000\n\nEast North Central     -2,000\nWest North Central     9,000\n\n- South:     19,000\n\nSouth Atlantic     -1,000\nEast South Central     4,000\nWest South Central     16,000\n\n- West:     82,000\n\nMountain     26,000\nPacific     56,000\n\nChange by Establishment Size \n- Small establishments:     5,000\n\n1-19 employees     -1,000\n20-49 employees     6,000\n\n- Medium establishments:      9,000\n\n50-249 employees     -2,000\n250-499 employees     11,000\n\n- Large establishments:     97,000\n\n500+ employees     97,000\n\nPAY INSIGHTS \nPay gains slowed in DecemberYear-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.\nMedian Change in Annual Pay (ADP matched person sample)\n- Job-Stayers     4.6%\n- Job-Changers     7.1%\nMedian Change in Annual Pay for Job-Stayers by Industry Sector \n- Goods-producing:                                                       \n\nNatural resources/mining     3.8%\nConstruction     5.1%\nManufacturing     4.5%\n\n- Service-providing:                                               \n\nTrade/transportation/utilities     4.4%\nInformation     4.4%\nFinancial activities     4.9%\nProfessional/business services     4.5%\nEducation/health services     4.9%\nLeisure/hospitality     4.6%\nOther services     4.7%\n\nMedian Change in Annual Pay for Job-Stayers by Firm Size\n- Small firms:                                                                 \n\n1-19 employees     3.9%\n20-49 employees     4.6%\n\n- Medium firms:                                                              \n\n50-249 employees     4.8%\n250-499 employees     4.8%\n\n- Large firms:                                                                 \n\n500+ employees     4.6%\n\nTo see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here: \n* Sum of components may not equal total due to rounding.\nThe 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/.\nTo 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/.    \nThe January 2025 ADP National Employment Report will be released at 8:15 a.m. ET on February 5, 2025.\nAbout 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.\nThe 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.\nAbout the ADP ResearchThe 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.\nAbout 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\nADP, 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. \nCopyright © 2025 ADP, Inc. All rights reserved.\nADP-Media\n\n\n\n\n  \n\n 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\nSOURCE ADP, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2501773100"}