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The National Council on Compensation Insurance (NCCI) published a new October 2024 Labor Market Insights Report, providing a monthly overview of key labor market statistics.
September saw the addition of 254,000 new jobs, with growth in healthcare, leisure and hospitality, and construction accounting for a bulk of private sector employment gains. This marked the second consecutive monthly decline in the unemployment rate, along with an increase in job openings in August after a prolonged decline.
Rebounds in employment growth, combined with still-firm wage growth, has kept payroll growth steady.
Tags: Industry Data
