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U.S. private employers went on a hiring spree in September as job growth came in firmly above expectations.
Private payrolls increased by 90,000, exceeding the 70,000 projected by economists and following a downwardly revised gain of 36,000 in August, according to payroll-processing company ADP.
This month’s hiring gains were broad-based, led by the education and health services sector, which added 55,000 jobs, followed by leisure and hospitality with 22,000, manufacturing with 17,000, and construction with 15,000, ADP said in its National Employment Report.
Conversely, the private payroll processor reported sizable declines of 16,000 jobs in financial activities and 11,000 in professional and business services.
Medium-sized businesses—with 50 to 249 employees—accounted for more than half of September’s hires, with 54,000. Small businesses—with one to 19 staff members—brought on 23,000 workers. Large businesses with 500 or more employees accounted for the rest. …
Private payrolls increased by 90,000, exceeding the 70,000 projected by economists and following a downwardly revised gain of 36,000 in August, according to payroll-processing company ADP.
This month’s hiring gains were broad-based, led by the education and health services sector, which added 55,000 jobs, followed by leisure and hospitality with 22,000, manufacturing with 17,000, and construction with 15,000, ADP said in its National Employment Report.
Conversely, the private payroll processor reported sizable declines of 16,000 jobs in financial activities and 11,000 in professional and business services.
Medium-sized businesses—with 50 to 249 employees—accounted for more than half of September’s hires, with 54,000. Small businesses—with one to 19 staff members—brought on 23,000 workers. Large businesses with 500 or more employees accounted for the rest. …
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