Job Market: The U.S. added 143,000 jobs in September, according to ADP

In September 2024, the U.S. job market saw the addition of 143,000 jobs, primarily driven by sectors like healthcare and leisure and hospitality, as businesses continue to recover post-pandemic. Small and medium-sized businesses were significant contributors, reflecting their crucial role in the economy, while wage growth remained strong due to competition for skilled labor. However, manufacturing struggled, largely due to supply chain disruptions.

For a deeper dive into the labor market trends, check out the full ADP Employment Report.
The healthcare sector saw the largest job gains in September 2024, driven by growing demand for medical services and healthcare workers. The leisure and hospitality sector, which had been severely impacted during the pandemic, also showed a strong recovery as consumer spending increased with the reopening of businesses. However, manufacturing lagged behind, struggling with supply chain disruptions and a slower-than-expected recovery.

As the U.S. economy continues to adjust to the post-pandemic era, the job market’s performance in September 2024 shows steady recovery, albeit at a slower pace compared to previous months. Economists are paying close attention to factors such as inflation, potential Federal Reserve interest rate hikes, and geopolitical developments, all of which may influence future job growth.
For more insights on how these factors impact employment trends, check the full ADP Employment Report..