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ADP National Employment Report Increased by 192,000 jobs in April 2024
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Private sector employment increased by 192,000 jobs in April and annual pay was up 5.0 percent year-over-year, according to the April ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”).
“Hiring was broad-based in April,” said Nela Richardson, chief economist, ADP. “Only the information sector – telecommunications, media, and information technology – showed weakness, posting job losses and the smallest pace of pay gains since August 2021.”
April 2024 Report Highlights*
JOBS REPORT
Private employers added 192,000 jobs in April. The average pace of hiring has accelerated over the last three months after slowing late last year, almost matching gains made in the first half of 2023. Pay growth continues to slow.
PAY INSIGHTS
Pay gains for job-changers slowed in April. Year-over-year pay gains for job-stayers were little changed in April at 5 percent. Pay growth for job-changers fell from 10.1 percent in March to 9.3 percent, but remains higher than it was at the beginning of the year.
The March total of jobs added was revised from 184,000 to 208,000.
Posted: May 1, 2024 Wednesday 09:15 AM