The number of people employed in the construction industry increased by 12,000 in August and by 10,000 in July. The number of people employed in the manufacturing industry fell by 17,000 in August and increased by 20,000 in July. The number of people employed in trade/transport/utilities fell by 50,000 in August and by 80,000 in July. The number of people employed in the financial services industry increased by 60,000 in August, and increased by 10,000 in July. The number of people employed in professional/commercial services decreased by 16,000 in August and increased by 90,000 in July. The median annual wage growth rate for construction workers was 4.0% in August and 4.5% in July. The median annual wage growth rate for workers employed in the manufacturing industry was 3.5% in August, and 5.0% in July. The median annual wage growth rate for trade/transport/utility workers was 3.3% in August and 4.4% in July. The median annual wage growth rate for employees in the financial services industry was 3.5% in August, and 5.2% in July. The median annual salary growth rate for professional/commercial service workers was 3.2% in August and 4.1% in July. ADP Chief Economist Nela Richardson: Salary data can provide us with many clues to reveal the current turbulent recruitment market. To understand recruitment models, it is necessary to take a close look at where wage growth is accelerating, where it is slowing down, and for which groups. What was once predictable wage growth has now been replaced by complex factors such as demographic changes, continuing inflation, and the impact of artificial intelligence on employment. With enhanced data, our newly released Payroll Insights Report can provide a more complete picture of today's labor market dynamics.

The number of people employed in the construction industry increased by 12,000 in August and by 10,000 in July. The number of people employed in the manufacturing industry fell by 17,000 in August and increased by 20,000 in July. The number of people employed in trade/transport/utilities fell by 50,000 in August and by 80,000 in July. The number of people employed in the financial services industry increased by 60,000 in August, and increased by 10,000 in July. The number of people employed in professional/commercial services decreased by 16,000 in August and increased by 90,000 in July. The median annual wage growth rate for construction workers was 4.0% in August and 4.5% in July. The median annual wage growth rate for workers employed in the manufacturing industry was 3.5% in August, and 5.0% in July. The median annual wage growth rate for trade/transport/utility workers was 3.3% in August and 4.4% in July. The median annual wage growth rate for employees in the financial services industry was 3.5% in August, and 5.2% in July. The median annual salary growth rate for professional/commercial service workers was 3.2% in August and 4.1% in July. ADP Chief Economist Nela Richardson: Salary data can provide us with many clues to reveal the current turbulent recruitment market. To understand recruitment models, it is necessary to take a close look at where wage growth is accelerating, where it is slowing down, and for which groups. What was once predictable wage growth has now been replaced by complex factors such as demographic changes, continuing inflation, and the impact of artificial intelligence on employment. With enhanced data, our newly released Payroll Insights report can provide a more complete picture of today's labor market dynamics.