ADP National Employment Report: Private Sector Employment Increased by 99,000 Jobs in August; Annual Pay was Up 4.8%
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: Sep 05 2024
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Source: PRnewswire
Job Growth and Wage Insights: In August 2024, private sector employment increased by 99,000 jobs, marking a slowdown in job creation for the fifth consecutive month, while annual pay rose by 4.8% year-over-year.
Sector and Regional Performance: The report indicated varied job changes across sectors and regions, with significant contributions from service-providing industries and the South region, while small establishments saw a decline in employment.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
