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- ADP report: private sector adds 200,000 jobs in September
ADP report: private sector adds 200,000 jobs in September
Private sector in the U.S. added 200,000 jobs in September, according the ADP report on Wednesday. August's figure was revised down to 186,000 jobs from a previous reading of 190,000 jobs.
Analysts expected the private sector to add 194,000 jobs.
Services sector added 188,000 jobs in September, while manufacturing sector lost 15,000.
"The U.S. job machine continues to produce jobs at a strong and consistent pace. Despite job losses in the energy and manufacturing industries, the economy is creating close to 200,000 jobs per month. At this pace full employment is fast approaching," the Chief Economist of Moody's Analytics Mark Zandi said.
Official labour market data will be released on Friday. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 5.1% in September. The U.S. economy is expected to add 202,000 jobs in September, after adding 173,000 jobs in August.
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