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Market
Will job gains in leisure and hospitality exceed 30,000 in October 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
ADP employment report for October 2024
Story
U.S. Private Sector Adds 143,000 Jobs in September, Surpassing Expected 120K, Biggest Gain in 3 Months
Oct 2, 2024, 12:18 PM
The U.S. private sector added 143,000 jobs in September, according to the latest ADP employment report, surpassing the forecasted 125,000 and the expected 120,000, marking the highest monthly total since June. This growth follows an upward revision for August, which saw an increase from 99,000 to 103,000 jobs. The job gains were widespread, with notable increases in leisure and hospitality (34,000 jobs), construction (26,000 jobs), and education and health services (24,000 jobs). The report indicates a rebound in job creation after a five-month slowdown, with annual pay for job-stayers rising by 4.7%. This represents the biggest gain in three months.
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