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Payroll

Paychecks Increased 4.7% and 143,000 Jobs Added in September, Says ADP

The 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.

Private sector employment increased by 143,000 jobs in September and annual pay was up 4.7 percent year-over-year, according to the September ADP National Employment Report produced by ADP Research in collaboration with the Stanford Digital Economy Lab.

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.

The 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.

“Stronger hiring didn’t require stronger pay growth last month,” said Nela Richardson, chief economist, ADP. “Typically, workers who change jobs see faster pay growth. But their premium over job-stayers shrank to 1.9 percent, matching a low we last saw in January.”

September 2024 Report Highlights*

View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.

JOBS REPORT

Private employers added 143,000 jobs in September
Job creation showed a widespread rebound after a five-month slowdown. Only one sector, information, lost jobs. Manufacturing added jobs for the first time since April.

Change in U.S. Private Employment:     143,000

Change by Industry Sector

Goods-producing:     42,000

  • Natural resources/mining     14,000
  • Construction     26,000
  • Manufacturing     2,000

Service-providing:     101,000

  • Trade/transportation/utilities     14,000
  • Information     –10,000
  • Financial activities     2,000
  • Professional/business services     20,000
  • Education/health services     24,000
  • Leisure/hospitality     34,000
  • Other services     17,000

Change by U.S. Regions

Northeast:     32,000

  • New England     7,000
  • Middle Atlantic     25,000

Midwest:     26,000

  • East North Central     18,000
  • West North Central     8,000

South:     61,000

  • South Atlantic     27,000
  • East South Central     –9,000
  • West South Central     43,000

West:     22,000

  • Mountain     1,000
  • Pacific     21,000

Change by Establishment Size

Small establishments:     -8,000

  • 1-19 employees     –13,000
  • 20-49 employees     5,000

Medium establishments:     64,000

  • 50-249 employees     49,000
  • 250-499 employees     15,000

Large establishments:     86,000

  • 500+ employees     86,000

PAY INSIGHTS

Pay gains slowed in September
Year-over-year pay gains for job-stayers fell slightly in September to 4.7 percent. For job-changers the decline was greater, falling from 7.3 percent in August to 6.6 percent.

Median Change in Annual Pay (ADP matched person sample)

Job-Stayers     4.7%

Job-Changers     6.6%

Median Change in Annual Pay for Job-Stayers by Industry Sector

Goods-producing:                                                       

  • Natural resources/mining     3.6%
  • Construction     5.1%
  • Manufacturing     4.6%

Service-providing:

  • Trade/transportation/utilities     4.5%
  • Information     4.4%
  • Financial activities     4.9%
  • Professional/business services     4.6%
  • Education/health services     5.1%
  • Leisure/hospitality     4.7%
  • Other services     4.8%

Median Change in Annual Pay for Job-Stayers by Firm Size

Small firms:                                                                

  • 1-19 employees     4.0%
  • 20-49 employees     4.6%

Medium firms:                                                             

  • 50-249 employees     5.0%
  • 250-499 employees     4.8%

Large firms:                                                                

  • 500+ employees     4.7%