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ADP National Employment Report: Private Sector Employment Increased by 233,000 Jobs in October; Annual Pay was Up 4.6%

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ROSELAND, N.J., Oct. 30, 2024 /PRNewswire/ — Private sector employment increased by 233,000 jobs in October and annual pay was up 4.6 percent year-over-year, according to the October ADP® National Employment Report™ produced by ADP Research in collaboration with the Stanford Digital Economy Lab (“Stanford Lab“). The ADP National Employment Report is an independent measure and high-frequency view of the private-sector labor market based on actual, anonymized payroll data of more than 25 million U.S. employees.

The jobs report and pay insights use ADP’s fine-grained anonymized and aggregated payroll data to provide a representative picture of the private-sector labor market. The report details the current month’s total private employment change, and weekly job data from the previous month. Because the underlying ADP payroll databases are continuously updated, the report provides a high-frequency, near real-time measure of U.S. employment. This measure reflects the number of employees on ADP client payrolls (Payroll Employment) to provide a richer understanding of the labor market. ADP’s pay measure uniquely captures the earnings of a cohort of almost 10 million employees over a 12-month period.

“Even amid hurricane recovery, job growth was strong in October,” said Nela Richardson, chief economist, ADP. “As we round out the year, hiring in the U.S. is proving to be robust and broadly resilient.”

October 2024 Report Highlights*

View the ADP National Employment Report and interactive charts at www.adpemploymentreport.com.

JOBS REPORT

Private employers added 233,000 jobs in October
Job creation hit its highest level since July 2023 as the economy worked through hurricane recovery. Manufacturing was the only sector to shed jobs.

Change in U.S. Private Employment:     233,000

Change by Industry Sector

– Goods-producing:     22,000

Natural resources/mining     4,000Construction     37,000Manufacturing     -19,000

– Service-providing:     211,000

Trade/transportation/utilities     51,000Information     7,000Financial activities     11,000Professional/business services     31,000Education/health services     53,000Leisure/hospitality     37,000Other services     21,000

Change by U.S. Regions

– Northeast:     48,000

New England     -6,000Middle Atlantic     54,000

– Midwest:     63,000

East North Central     51,000West North Central     12,000

– South:     77,000

South Atlantic     60,000East South Central     -13,000West South Central     30,000

– West:     44,000

Mountain     26,000Pacific     18,000

Change by Establishment Size

– Small establishments:     4,000

1-19 employees     10,00020-49 employees     -6,000

– Medium establishments:     86,000

50-249 employees     58,000250-499 employees     28,000

– Large establishments:     140,000

500+ employees     140,000

PAY INSIGHTS

Pay gains slowed in October
Year-over-year pay gains for job-stayers dipped to 4.6 percent, continuing a two-year slowdown. For job-changers, pay gains slowed to 6.2 percent.

Median Change in Annual Pay (ADP matched person sample)

– Job-Stayers     4.6%

– Job-Changers     6.2%

Median Change in Annual Pay for Job-Stayers by Industry Sector

– Goods-producing: 

Natural resources/mining     3.4%Construction     4.9%Manufacturing     4.5%

– Service-providing: 

Trade/transportation/utilities     4.4%Information     4.3%Financial activities     4.9%Professional/business services     4.5%Education/health services     5.1%Leisure/hospitality     4.6%Other services     4.8%

Median Change in Annual Pay for Job-Stayers by Firm Size

– Small firms: 

1-19 employees     3.9%20-49 employees     4.6%

– Medium firms: 

50-249 employees     4.9%250-499 employees     4.8%

– Large firms:

500+ employees     4.6%

To see Pay Insights by U.S. State, Gender, and Age for Job-Stayers, visit here:

* Sum of components may not equal total due to rounding.

The September total of jobs added was revised from 143,000 to 159,000. The historical data file and weekly data for the previous month are available at https://adpemploymentreport.com/.

To subscribe to monthly email alerts or obtain additional information about the ADP National Employment Report, including employment and pay data, interactive charts, methodology, and a calendar of release dates, please visit https://adpemploymentreport.com/.    

The November 2024 ADP National Employment Report will be released at 8:15 a.m. ET on December 4, 2024.

About the ADP® National Employment Report™
The ADP National Employment Report is an independent measure of the change in U.S. private employment and pay derived from actual, anonymized payroll data of client companies served by ADP, a leading provider of human capital management solutions. The report is produced by ADP Research in collaboration with the Stanford Digital Economy Lab.

The ADP National Employment Report is broadly distributed to the public each month, free of charge, as part of the company’s commitment to offering deeper insights of the U.S. labor market and providing businesses and governments with a source of credible and valuable information.

About the ADP Research
The mission of ADP Research is to make the future of work more productive through data-driven discovery. Companies, workers, and policymakers rely on our finely tuned data and unique perspective to make informed decisions that impact workplaces around the world.

About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential.  HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people.   Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People, ADP National Employment Report, ADP Research Institute and ADP Research are trademarks of ADP, Inc. All other marks are the property of their respective owners.

Copyright © 2024 ADP, Inc. All rights reserved.

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SOURCE ADP, Inc.

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SIGNATURE KITCHEN SUITE ‘GOURMET AI’ OVEN NAMED A 2024 TIME BEST INVENTION

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Luxury Brand Recognized in Household Category for Leading-Edge Technology and Design

ENGLEWOOD CLIFFS, N.J., Oct. 30, 2024 /PRNewswire/ — AI-enabled cooking technology from Signature Kitchen Suite, the luxury kitchen appliance brand recognized for innovation in built-in appliances, has been named to the annual TIME’s Best Inventions list, honoring 200 groundbreaking innovations transforming the way we live.

Signature Kitchen Suite’s 30-inch Transitional Series Combi Wall Oven stands out in the Household category for its advanced technology and design functionality. The oven redefines home cooking with its advanced Gourmet AI™ technology, offering intelligent recipe suggestions and cooking guidance through the LG ThinQ® app. Equipped with a built-in HD camera, it allows users to monitor and share their cooking in real-time and even create time-lapse videos for an interactive cooking experience.

Beyond its AI capabilities, the oven is equipped with versatile cooking features such as a steam-combi convection, steam sous vide and even air frying to eliminate the need for multiple countertop appliances. The Transitional Series comes in a Satin Stainless Steel finish with sleek, modern handles to align with trending contemporary kitchen designs.

TIME’s editors describe the 2024 list as a showcase of “200 groundbreaking inventions (and 50 special mentions) that are changing how we live, work, play, and think about what’s possible,” inventions such as the world’s largest computer chip to a bioluminescent houseplant.

This year, the TIME Best Inventions list was compiled from global nominations by editors, correspondents, and an online application process, evaluating each invention on originality, efficacy, ambition and impact, with a focus on emerging sectors like health care, AI and green energy.

For more information on Signature Kitchen Suite’s full portfolio of award-winning built-in luxury kitchen appliances, visit www.signaturekitchensuite.com.

About Signature Kitchen Suite
Signature Kitchen Suite delivers innovation in the luxury built-in kitchen appliance market with leading-edge technology that provides more flexibility to prepare food in the best possible way, demonstrating respect for the food at every level. The luxury brand from global home appliance leader LG Electronics, Signature Kitchen Suite is embracing a new generation of forward-thinking Technicurean™ cooks, combining their passion for food with their appreciation for innovation. From the first-of-its-kind built-in sous vide range to the industry’s first built-in French Door refrigerator with a convertible middle drawer, Signature Kitchen Suite’s versatile and high-performance appliances deliver the ultimate precision cooking experience. Visit www.signaturekitchensuite.com or follow the brand on social channels @SKSappliances. 

Media Contacts: 

Signature Kitchen Suite 

John I. Taylor 
john.taylor@lge.com
+1 201 816 2166 

Grace Hong
grace.hong@lg-one.com
+1 909 908 0327 

 

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SOURCE LG Electronics (LG)

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Project Liberty to convene global leaders at inaugural Summit on the Future of the Internet, with POLITICO and The Onion as exclusive media partners

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As the nation transitions into a new presidential administration following the U.S. elections, Project Liberty will bring together top leaders to lay out a concrete technology and policy blueprint for fixing the internet over the next four years.

 POLITICO will serve as a media partner to examine how government, the private sector, and civil society can work together to put people back in control of their digital lives. The Onion, America’s Finest News Source, will present a one-of-a-kind banquet that promises to solve the internet, through dinner.

Confirmed speakers during the two-day program include multidisciplinary media personalities, elected officials, technologists, and activists, as well as notable members of civil society such as Joseph Gordon-Levitt, Joseph Lubin, Katherine Maher, Jaron Lanier, Ro Khanna, and Nancy Mace

WASHINGTON, Oct. 30, 2024 /PRNewswire/ — On November 21-22, Project Liberty–a non-partisan organization founded by civic entrepreneur Frank McCourt to enable people to take back control of their digital lives by reclaiming a voice, choice, and stake in a better internet–will host its first-ever Summit on the Future of the Internet in Washington, D.C. The first day’s programming will be hosted by Project Liberty Institute at Georgetown University’s newly inaugurated McCourt School of Public Policy just steps from the U.S. Capitol.

The Summit will bring together leaders from the highest levels of technology, policy, finance, and civil society to chart the future of the internet. Additionally, they will explore new legal, technical, and economic models to support a digital future built on the foundations of transparency, opportunity, and accountability.

The Summit will feature a series of panel discussions, fireside chats, roundtables, and keynote remarks focused on three key tracks–technology, economy, and democracy:

Building better technology infrastructure that empowers people with control over their data, social graphs, and content; simplifies and streamlines the user experience; ensures stronger data security; and protects our democracy and our most vulnerable citizens–young people–online.

Leveraging the economic opportunities of the web by identifying the failings of our current system and aligning on opportunities for new value creation, transparent algorithms, data portability, and interoperability tools that help empower creators and communities, guided in part by the findings of Project Liberty Institute’s recently established Fair Data Economy Task Force.

Defining and shaping a policy blueprint for the next administration to better align tech and economics with our nation’s democratic values.

The two-day program will be emceed by futurist Sinead Bovell and Tomicah Tillemann, President of Project Liberty, and will feature more than 50 speakers, including: Joseph Gordon-Levitt, Actor, Director, and Entrepreneur; Joseph Lubin, Founder, ConsenSys; Katherine Maher, CEO & President, National Public Radio (NPR); Ro Khanna, United States House Representative for the 17th District of California; Nancy Mace, United States House Representative for the 1st District of South Carolina; Zach Justice, Social Media Content Creator; Jaron Lanier, Office of the Chief Technical Officer Prime Unifying Scientist, Microsoft; Vint Cerf, VP & Chief Internet Evangelist, Google; Dante Disparte, Chief Strategy Officer & Head of Global Policy, Circle; Melissa Fleming, UN Under-Secretary-General for Global Communications; Zia Khan, Chief Innovation Officer, The Rockefeller Foundation; Raffi Krakorian, Chief Technology Officer & Managing Director, Emerson Collective; Kevin Mayer, Former CEO of TikTok; Dan Porterfield, President & CEO, Aspen Institute; Mark Surman, President, Mozilla; Audrey Tang, Cyber Ambassador-at-Large & Former Minister of Digital Affairs, Taiwan; and many more.

“This Summit reflects the growing consensus that it’s time to upgrade the internet to protect people’s digital rights; foster a safe environment for children, families, and democracy; and create broader access to the economic value each of us generates online,” said Frank McCourt, Founder of Project Liberty. “It has been five decades since the birth of the internet. Big Tech’s business model built on using personal data to extract value and manipulate behavior has run its course. That’s why Project Liberty is building technology and a movement to tackle this challenge. And why we need to deliver solutions before AI further exacerbates what we all know is a broken model.”

Throughout the two-day summit program, POLITICO will serve as the exclusive media partner for the Summit for the Future of the Internet, lending its award-winning thought leadership and editorial expertise to helm several conversations with the brightest minds leading the charge for meaningful changes to our digital infrastructure. Further, The Onion–America’s Finest News Source–will bring a one-of-a-kind satirical experience to the Summit’s opening dinner.

“POLITICO provides critical analysis and context around the most important issues we face,” said Goli Sheikholeslami, CEO of POLITICO Media Group. “At such a pivotal moment, we are thrilled to convene the crucial conversations on the policies that will shape our digital future and the world.”

“The Onion is honored to join this event that aims to provide better answers for protecting our liberties, our children, and our democracy on the internet,” said Ben Collins, CEO of The Onion. “It is our journalistic imperative to loudly and uniformly reject those ideals in the spirit of hearing both sides, while subtly implying the only responsible solution is to step on the throats of the poor and infirm.”

The Summit will kick off on Thursday, November 21, at Georgetown University’s McCourt School of Public Policy and continues through Friday, November 22. A full itinerary and event details are available on the Summit of the Future of the Internet’s website. Participation is by invitation only.

Project Liberty’s Summit is set to define the future of the internet. Apply for press credentials by contacting Anna Feagan at press@projectliberty.io to cover these crucial conversations and join the leaders driving change. Additionally, for those who are unable to attend in person, select mainstage sessions will be available via a live stream on politico.com.

ABOUT PROJECT LIBERTY

Project Liberty is leading the movement to give people back control of their lives in the digital age by ensuring they have a voice, choice, and stake in a better internet. Started in 2019 and publicly launched in 2021 by civic entrepreneur Frank McCourt and supported by a $500-million commitment, Project Liberty includes the work of the Project Liberty Institute—a 501(c)(3) with an international partner network that includes Georgetown University, Stanford University, ETH in Zurich, and other leading academic institutions and civic organizations—and a technological team that is focused on developing the next generation of digital infrastructure. Project Liberty’s activities include the release of the Decentralized Social Networking Protocol (DSNP), which is stewarded by the Institute and available as a public utility to serve as the bedrock of a more equitable web and support a new era of innovation that empowers people over platforms and serves the common good.

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SOURCE Project Liberty

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ALZpath Proprietary pTau217 Antibody Named to TIME’S List of the Best Inventions of 2024

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CARLSBAD, Calif., Oct. 30, 2024 /PRNewswire/ — ALZpath, Inc., a leading developer of innovative diagnostic tools and solutions for Alzheimer’s disease and related dementias, today announced that it has been honored in TIME’s annual Best Inventions list, which features 200 extraordinary innovations changing our lives. The ALZpath proprietary pTau 217 antibody was recognized in the medical care category for its ability to accurately diagnose Alzheimer’s disease.

The ALZpath proprietary antibody, used in blood-based assays, has displayed high diagnostic accuracy, sensitivity, and reliability in detecting very minute concentrations of phosphorylated tau (pTau217), a key biomarker for the diagnosis of Alzheimer’s disease in its earliest stages, before symptoms appear, and to track its progression over time.

“ALZpath is democratizing access through accessible blood tests for the 139 million people projected to have Alzheimer’s disease by 2050,” said Chad Holland, CEO of ALZpath. “With strategic partnerships, ALZpath’s antibody can be used in a variety of highly sensitive instruments for clinical and research blood assays and is integrated into the most widely available testing platforms.”

To compile this year’s list, TIME solicited nominations from TIME editors and correspondents around the world, and through an online application process, paying special attention to growing fields—such as health care, AI, and green energy. TIME then evaluated each contender on a number of key factors, including originality, efficacy, ambition, and impact.

Of the new list, TIME’s editors write: “The result is a list of 200 groundbreaking inventions (and 50 special mention inventions)—including the world’s largest computer chip, a humanoid robot joining the workforce, and a bioluminescent houseplant—that are changing how we live, work, play, and think about what’s possible.”

See the full list here: time.com/best-inventions-2024

About ALZpath

ALZpath is a leading developer of innovative diagnostic tools and solutions for Alzheimer’s disease and related dementias. The novel ALZpath pTau217 antibody, integral to the most advanced, widely available blood-based tests to detect Alzheimer’s disease, is transforming its diagnosis and treatment monitoring, providing accurate and accessible tools for researchers and healthcare professionals worldwide. To help millions of patients in need, ALZpath democratizes access to its proprietary robust antibody, which is used by researchers, clinicians, and industry partners around the world to accelerate the discovery of new treatments and improve patient care.

To learn more about the company, please visit https://alzpath.bio/ and follow us on LinkedIn.

ALZpath Media Contact:

Nechama Rosengarten
FINN Partners
nechama.rosengarten@finnpartners.com

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SOURCE ALZpath, Inc.

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