Solid September Job Quality Index and Total Employment Growth, but Gains Tilted Towards Low Wage Service Jobs along with Declining Manufacturing Employment

Solid September Job Quality Index and Total Employment Growth, but Gains Tilted Towards Low Wage Service Jobs along with Declining Manufacturing Employment

The U.S. Private Sector Job Quality Index (JQI) was 83.58, up by +0.58% from the preceding month. Moreover, the overall September 2024 Jobs Report from the government’s Bureau of Labor Statistics showed strong job growth.