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Wed Oct 3, 2018, 08:23 AM

U.S. adds 230,000 private-sector jobs in September: ADP

Source: MarketWatch

U.S. adds 230,000 private-sector jobs in September: ADP

Published: Oct 3, 2018 8:20 a.m. ET

Well above consensus for a reading of 179,000

By GREG ROBB
SENIOR ECONOMICS REPORTER

The numbers: Private-sector employment soared in September, as employers added 230,000 jobs, Automatic Data Processing Inc. reported Wednesday. This is the highest since February. The gain was well above forecasts from economists polled by Econoday, who had expected on average an increase of 179,000. August's gain was upwardly revised to show 168,000 growth instead of a previously estimated 163,000.

What happened: Details of ADP's report showed that small firms added 56,000 jobs in September, medium-sized businesses added 99,000 to large companies added 75,000. ... Big picture: The labor market has been on fire this year, with job gains averaging 207,000 per month over the first 8 months of the year.

Economists use ADP's data to get a feeling for the Labor Department's employment report, which will be released Friday and covers government jobs in addition to the private sector. The ADP gain is well above estimates of the government's data according to economists polled by MarketWatch.

Economists polled by MarketWatch expect the Labor Department's nonfarm payroll jobs rose 168,000 in September, down from 201,000 in the prior month. The unemployment rate is expected to slip to 3.8% from 3.9% in August. That would match the level hit in May.

Read more: https://www.marketwatch.com/story/us-adds-230000-private-sector-jobs-in-september-adp-2018-10-03



ADP National Employment Report September 2018

https://www.adpemploymentreport.com/2018/September/NER/NER-September-2018.aspx

ADP National Employment Report: Private Sector Employment Increased by 230,000 Jobs in September

Private-sector employment increased by 230,000 from August to September, on a seasonally adjusted basis.

Total Employment
Change in Nonfarm Private Employment



[CHART] Change in Nonfarm Private Employment

Historical Trend
Change in Total Nonfarm Private Employment



[CHART] Historical Trend - Change in Total Nonfarm Private Employment

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Reply U.S. adds 230,000 private-sector jobs in September: ADP (Original post)
mahatmakanejeeves Oct 3 OP
elmac Oct 3 #1
NCjack Oct 3 #2

Response to mahatmakanejeeves (Original post)

Wed Oct 3, 2018, 09:36 AM

1. This is "yuge", very bigly! nt

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Response to mahatmakanejeeves (Original post)

Wed Oct 3, 2018, 09:37 AM

2. Wow! Look at what Pres. Obama did !!! nt

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