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- U.S. private employers add 568,000 jobs in September - ADP
U.S. private employers add 568,000 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 568,000 jobs in September.
This marked the largest advance in private-sector employment since June.
Economists
had expected an increase of 428,000.
The
August number saw a downward revision to 340,000 from the originally reported 374,000.
“The
labor market recovery continues to make progress despite a marked slowdown from
the 748,000 job pace in the second quarter,” noted Nela Richardson, chief
economist, ADP. “Leisure and hospitality remains one of the biggest
beneficiaries to the recovery, yet hiring is still heavily impacted by the trajectory
of the pandemic, especially for small firms. Current bottlenecks in hiring
should fade as the health conditions tied to the COVID-19 variant continue to
improve, setting the stage for solid job gains in the coming months.”
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