The private sector in the U.S. was a ripe place to look for work last month, according to figures released Wednesday morning.
Automatic Data Processing Inc., said private-sector employment soared in September, as employers added 230,000 jobs. This is the highest hiring rate 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.
Details of ADP’s report showed that small firms added 56,000 jobs in September, medium-size businesses added 99,000 to large companies added 75,000.
The labour market down south has been on fire this year, with job gains averaging 207,000 a month over the first eight months of the year.
ADP doesn’t pick up any impact from Hurricane Florence because everyone who is on a payroll is counted, whether they worked or not.
Economists use ADP’s data to get a feeling for the U.S. Labor Department’s employment report, which will be released Friday and covers government jobs in addition to the private sector.
