According to the ADP National Employment Report for December, 2024, private sector employment increased by 122k jobs and annual pay was up 4.6% year-over-year. The ADP National Employment Report is an independent and high-frequency view of the private-sector labor market based on the aggregated and anonymized payroll data of more than 25 million U.S. employees.
“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 ADP chief economist Nela Richardson.
Click here to read the full report at ADP.
