The number of job openings in the United States decreased to 10.1 million on the last business day of August, according to data released Tuesday by the Bureau of Labor Statistics.
Private-sector employment increased by 208,000 jobs — including 38,000 in health and education services — in September, and annual pay was up 7.8% year-over-year, according to the September ADP National Employment Report released in collaboration with Stanford Digital Economy Lab.
The largest decreases (236,000) in job openings were in healthcare and social assistance, according to BLS.
“There are signs that people are returning to the labor market. We’re in an interim period where we’re going to continue to see steady job gains,” Nela Richardson, chief economist for ADP, wrote in the report. “Employer demand remains robust and the supply of workers is improving — for now.”
The South saw the greatest job gains, at 89,000, followed by the West, with 55,000 newly created jobs, the Northeast, with 39,000, and the Midwest, with 25,000.
Change by establishment size, according to ADP:
- Small establishments: 58,000
o 1 to 19 employees: 45,000
o 20 to 49 employees: 13,000 - Medium establishments: 90,000
o 50 t 249 employees: 61,000
o 250 to 499 employees: 29,000 - Large establishments (500+ employees): 60,000
Fewer Americans are changing jobs than in previous months going back to the summer of 2021, according to ADP.
“It’s the biggest deceleration in the three-year history of our data. For job stayers, annual pay rose 7.8% in September from a year ago, up from a revised 7.7% in August,” Richardson said.
