ADP’s April 2024 National Employment Report reveals significant growth in the private sector, adding 192,000 jobs and witnessing a 5.0% year-over-year increase in pay. Delve into detailed insights on industry sectors, regional trends, and establishment sizes.
- Private Sector Jobs Report:
- Private employers added 192,000 jobs in April 2024.
- Hiring pace accelerates over the last three months, matching gains from the first half of 2023.
- Pay growth continues to slow, reflecting broader economic trends.
- Change by Industry Sector:
- Breakdown of job changes in goods-producing and service-providing sectors.
- Notable gains in construction and leisure/hospitality.
- Information sector experiences job losses and slower pay gains.
- Change by U.S. Regions:
- Regional distribution of job changes across the Northeast, Midwest, South, and West.
- South Atlantic region leads with significant job additions.
- Change by Establishment Size:
- Analysis of job changes based on establishment sizes – small, medium, and large.
- Large establishments contribute significantly to job growth.
- Pay Insights:
- Pay gains for job-changers slow in April, but remain elevated compared to the beginning of the year.
- Year-over-year pay gains for job-stayers hold steady at 5.0%.
- Detailed breakdown of pay changes by industry sector and firm size categories.
ADP’s April 2024 National Employment Report offers comprehensive insights into private sector growth and pay dynamics. Stay informed about the latest trends shaping the labor market, from job additions to pay trends across industries, regions, and establishment sizes.
