Loading...
Market
What will be the total U.S. private payrolls increase in Q4 2024?
3
Resolution / Starting Odds
Less than 300,000 • 25%
300,000 to 400,000 • 25%
400,001 to 500,000 • 25%
More than 500,000 • 25%
ADP employment report
Story
U.S. Labor Market Weakens in August with Smallest Job Gains Since 2021, 75,891 Layoffs
Sep 5, 2024, 12:30 PM
The U.S. labor market showed signs of weakening in August 2024, with several key indicators highlighting a slowdown. The ADP employment report revealed that private payrolls increased by just 99,000, the smallest gain since January 2021, and well below the expected 145,000. This marks the fifth consecutive month of slowing job growth. Additionally, Challenger reported 75,891 announced layoffs in August, a significant rise from the previous month's 25,885, marking the highest total for the month in 15 years. Initial jobless claims for the week ending August 31 were 227,000, slightly below the expected 230,000, while continuing claims stood at 1.838 million. Despite the low number of layoffs, the overall labor market appears to be losing momentum. Year-to-date hiring reached a historic low, and the previous month's ADP data was revised lower. Challenger job cuts increased by 1.0% year-over-year.
View original story
Similar markets
Less than 500,000 • 25%
500,000 to 700,000 • 25%
700,001 to 900,000 • 25%
More than 900,000 • 25%
Less than 350,000 • 25%
350,000 to 399,999 • 25%
400,000 to 449,999 • 25%
450,000 or more • 25%
Less than 400,000 • 25%
400,000 - 450,000 • 25%
450,000 - 500,000 • 25%
More than 500,000 • 25%
Below 300,000 • 25%
300,000 to 450,000 • 25%
450,000 to 600,000 • 25%
Above 600,000 • 25%
Less than 250,000 • 25%
250,000 to 300,000 • 25%
300,001 to 350,000 • 25%
More than 350,000 • 25%
Less than 600,000 • 25%
600,000 to 700,000 • 25%
700,001 to 800,000 • 25%
More than 800,000 • 25%
Less than 110,000 • 25%
110,000 to 129,999 • 25%
130,000 to 149,999 • 25%
150,000 or more • 25%
Less than 100,000 • 25%
100,000 to 149,999 • 25%
150,000 to 199,999 • 25%
200,000 or more • 25%
Less than 100,000 • 25%
100,000 to 150,000 • 25%
150,001 to 200,000 • 25%
More than 200,000 • 25%
Below 450,000 • 33%
450,000 to 500,000 • 34%
Above 500,000 • 33%
Less than 100,000 • 25%
100,000 to 199,999 • 25%
200,000 to 299,999 • 25%
300,000 or more • 25%
Less than 100,000 • 25%
100,000 to 150,000 • 25%
150,001 to 200,000 • 25%
More than 200,000 • 25%