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- U.S. private employers add 749,000 jobs in September - ADP
U.S. private employers add 749,000 jobs in September - ADP
The employment
report prepared by Automatic Data Processing Inc. (ADP) and Moody's Analytics
showed on Wednesday the U.S. private employers added 749,000 jobs in September.
This was the biggest reading since June.
Economists had
expected an increase of 650,000.
The August number
saw an upward revision to 481,000 from the originally reported 428,000.
“The labor
market continues to recover gradually,” noted Ahu Yildirmaz, vice president and
co-head of the ADP Research Institute. “In September, the majority of sectors
and company sizes experienced gains with trade, transportation and utilities;
and manufacturing leading the way. However, small businesses continued to
demonstrate slower growth.”
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