ADP National Employment Report for April 2024: Pay Insights and Private Sector Growth
According to ADP’s April 2024 National Employment Report, the private sector has had substantial growth, adding 192,000 positions and seeing a 5.0% salary increase over the previous year. Explore in-depth information about establishment sizes, regional trends, and industry sectors.
- 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
The April 2024 National Employment Report from ADP provides in-depth information on the growth and compensation trends of the private sector. Keep up with the most recent developments affecting the labor market, including changes in employment numbers and trends in compensation across regions, industries, and business sizes.