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Private sector payrolls increased by 143,000 in September, following an August rise that marked the slowest expansion since March 2023, according to data by the ADP Research Institute in collaboration with Stanford Digital Economy Lab. Employees who switched jobs in September saw their salaries increase by an average of 6.6%
The distance between employees and their supervisors has grown steadily since 2020, literally. ADP payroll data shows that since the onset of the COVID-19 pandemic, the share of “cross-metro” remote workers employed at large firms in the U.S. decline in wage growth relative to their teammates who decided not to relocate.
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