Us Job Market 2024 Forecast. Momentum in the job market is starting to wane with slowing payroll growth and modestly rising unemployment, as well as declining quit rates and temporary help. The labor department reported tuesday that employers posted 8 million.
Headline nonfarm payrolls are set to have risen by +165k in august, a solid rebound from the disappointing +114k pace seen in july, which represented the weakest month of job creation since april, after the recent preliminary payrolls benchmark revision is taken into account. Employment growth will remain positive in 2024, but at a much slower pace than in recent years.