US Private Sector Job Growth Slowed in Final Month of 2024

‘The labor market downshifted to a more modest pace of growth in the final month of 2024,’ said ADP’s chief economist.

A hiring sign at a restaurant in Columbia, Md., on June 15, 2024. Madalina Vasiliu/The Epoch Times

Private-sector hiring growth slowed in December 2024 as the U.S. labor market continued moderating.

According to payroll processor ADP’s National Employment Report, December payrolls increased by 122,000, down from the 146,000 increase in November. This represented the smallest increase in four months.