September 30, 2023


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US Private Sector Adds 749,000 New Jobs In September – ADP

U.S. private sector employers added nearly three quarters of a million new jobs in September, payroll processing firm ADP said Wednesday, possibly setting up a stronger-than-expected reading of non-farm payrolls later this week.

The ADP’s national employment report show U.S. employment grew by 749,000 in September, a figure that came in well ahead of the Street consensus forecast of 650,000 and was also firmly in front of last month’s upwardly-revised tally of 481,000.

Large employers added the bulk of the September gains, ADP said, adding 297,000 workers to their overall payrolls. In terms of sectors, Services once again lead the September tally with 552,000 new jobs, with 186,000 of those coming in the trade, transport and utilities sector. 

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