Hiring Has Expanded Beyond Healthcare, Richardson Says

Summary

Nela Richardson discusses ADP payroll data showing hiring has broadened beyond healthcare, with gains across eight of ten sectors. Wage growth remains subdued, part-time jobs are rising, and lower-paying roles dominate. Multiple jobholding and gig work are increasing due to affordability pressures.

• Hiring broadened across eight of ten major sectors for the first time in years.
• Manufacturing saw positive job gains for the first time in over two years.
• Wage growth is not tight, with job-changer pay growth down to 6.5%.
• Part-time share of jobs increased from 37% pre-pandemic to 42%.
• Healthcare jobs are trending toward lower-paying home health aide roles.
• Firms with under 50 employees created over half of new jobs.
• Multiple jobs and gig work are growing, especially among older workers.
• Affordability pressures are driving the rise in multiple jobholding.