Private businesses in the US added 150K workers to their payrolls in June 2024, the least in five months, and below forecasts of 160K and a downwardly revised 157K in May. The service-providing sector added 136K jobs, namely leisure/hospitality (+63K); professional/business services (+25K); trade/transportation/utilities (+15K); financial activities (+11K); education/health services (+9K), while job losses occurred in information (-3K). The goods-producing sector added 14K jobs, led by construction (+27K), while both natural resources/mining (-8K) and manufacturing (-5K) shed jobs. "Job growth has been solid, but not broad-based," said Nela Richardson, chief economist, ADP. "Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month." Meanwhile, year-over-year pay gains for job-changers fell for the second month. Pay for job-changers was up 7.8 percent while pay growth for job-stayers held steady for the third month at 5 percent. source: Automatic Data Processing, Inc.
Private businesses in the United States hired 150 thousand workers in June of 2024 compared to 157 thousand in May of 2024. ADP Employment Change in the United States averaged 163.10 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 July of 2024.
Private businesses in the United States hired 150 thousand workers in June of 2024 compared to 157 thousand in May of 2024. ADP Employment Change in the United States is expected to be 90.00 Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations.
United States ADP Employment Change
The ADP National Employment Report measures levels of non-farm private employment. The Report is based on the actual payroll data from about 25 million employees and is produced by the ADP Research Institute in collaboration with the Stanford Digital Economy Lab.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 150.00 | 157.00 | 1081.00 | -6759.00 | 2010 - 2024 | Thousand | Monthly | SA |
News Stream
US Private Employment Disappoints
Private businesses in the US added 150K workers to their payrolls in June 2024, the least in five months, and below forecasts of 160K and a downwardly revised 157K in May. The service-providing sector added 136K jobs, namely leisure/hospitality (+63K); professional/business services (+25K); trade/transportation/utilities (+15K); financial activities (+11K); education/health services (+9K), while job losses occurred in information (-3K). The goods-producing sector added 14K jobs, led by construction (+27K), while both natural resources/mining (-8K) and manufacturing (-5K) shed jobs. "Job growth has been solid, but not broad-based," said Nela Richardson, chief economist, ADP. "Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month." Meanwhile, year-over-year pay gains for job-changers fell for the second month. Pay for job-changers was up 7.8 percent while pay growth for job-stayers held steady for the third month at 5 percent.
2024-07-03
US Private Sector Employment Below Forecasts
Private businesses in the US added 152K workers to their payrolls in May 2024, the least in four months, and well below forecasts of 175K and a downwardly revised 188K in April. The service-providing sector added 149K jobs, mostly trade, transportation & utilities (+26K); education/health services (+46K); financial activities (+28K); and leisure/hospitality (+12K), while job losses occurred in information (-7K) and professional/business services (-6K). The goods-producing sector added 3K jobs, led by construction (+32K), while both manufacturing (-20K) and natural resources/mining (-9K) shed jobs. Meanwhile, annual pay gains for job-changers fell for the second month to 7.8% while pay growth for job-stayers held steady for the third month at 5%. "Job gains and pay growth are slowing going into the second half of the year. The labor market is solid, but we're monitoring notable pockets of weakness tied to both producers and consumers", said Nela Richardson, chief economist, ADP.
2024-06-05
US Private Sector Employment Rises More than Expected
Private businesses in the United States added 192,000 workers to their payrolls in April 2024, exceeding market expectations of a 175,000 increase and following a previous gain of 208,000. Hiring was broad-based, with the service-providing sector adding 145,000 jobs, led by leisure & hospitality (+56,000), trade, transportation & utilities (+26,000), education & health services (+26,000), professional & business services (+22,000), and financial activities (+16,000). Additionally, the goods-producing sector added 47,000 jobs, with boosts in construction (+35,000), manufacturing (+9,000), and natural resources & mining (+3,000). Meanwhile, annual pay for job-stayers was up 5.0% year-over-year in April, little-changed from the previous month. Pay growth for job-changers eased to 9.3% from March's 10.1%, but remained higher than it was at the beginning of the year.
2024-05-01
