Decreased expansion in non-government employment observed in December, according to findings from the ADP report.
The U.S. job market saw a steady growth in December 2024, with private-sector employment increasing by 122,000 jobs, according to the latest available data from the ADP National Employment Report.
The service-providing sector led the way, adding 112,000 jobs. Within this sector, the education and health services industry saw a significant growth of 57,000 positions, while other services and financial activities contributed 13,000 and 12,000 jobs respectively.
The goods-producing sector also experienced growth, with 10,000 jobs added overall. Construction was a standout performer, gaining 27,000 jobs within the sector. However, manufacturing saw a decline of 11,000 positions.
In the Western U.S., the Mountain and Pacific regions were the main contributors to job growth, with the Mountain region adding 26,000 jobs and the Pacific region accounting for 56,000 jobs.
Job creation among large establishments (97,000 jobs) was the most robust, while medium-sized businesses (50-499 employees) and small establishments (1-19 employees) added 9,000 and 5,000 positions respectively.
Pay gains were not uniform across all sectors. Construction reported the highest pay growth (+5.1%), while the natural resources and mining sector saw the lowest pay growth (+3.8%). Annual pay growth for job-stayers slowed to 4.6%, but medium-sized businesses reported the strongest pay growth for job-stayers (4.8%). Pay growth for job-changers also declined slightly, reaching 7.1%.
The natural resources and mining sector lost 6,000 jobs in December, while trade, transportation, and utilities grew modestly by 8,000 jobs. The leisure and hospitality industry added 22,000 jobs within the service-providing sector.
It's important to note that the trend in U.S. private-sector employment in December 2024 according to the ADP National Employment Report is not explicitly available in the provided search results. For more specific data or information about December 2024, it is recommended to check the official ADP National Employment Report archives or trusted financial news sources that publish monthly employment summaries.
In the context of December 2024 job market, the financial activities sector within the service-providing industry added 12,000 jobs, suggesting a possible growth in employment opportunities for those involved in finance-related business or mining activities. However, the natural resources and mining sector experienced a decline of 6,000 jobs, indicating a potential decrease in employment for individuals associated with the mining sector due to business fluctuations.
