up 122,000
July 2024 Change in U.S. private employment
With wage growth abating, the labor market is playing along with the Federal Reserve's effort to slow inflation. If inflation goes back up, it won't be because of labor.
Nela Richardson
Chief Economist, ADP
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1-19employees
up 15,000
20-49employees
down 22,000
50-249employees
up 55,000
250-499employees
up 15,000
500+employees
up 62,000
Natural resources and mining
up 2,000
Construction
up 39,000
Manufacturing
down 4,000
Trade, transportation, and utilities
up 61,000
Information
down 18,000
Financial activities
up 14,000
Professional and business services
down 37,000
Education and health services
up 22,000
Leisure and hospitality
up 24,000
Other services
up 19,000
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