US private payrolls up 208,000 in September - ADP

Wednesday, 05. October 2022 14:15

The number of jobs in the United States private sector rose by 208,000 in September compared to the previous month, according to the National Employment Report released by Automatic Data Processing Inc. (ADP) on Wednesday. Annual pay increased by 7.8% from September 2021.

Midsized companies hired 90,000 new employees, ahead of large businesses with 60,000. Employment in small firms increased by 58,000. The service-providing sector employed 237,000 new workers, while the goods-producing sector documented 29,000 job losses.

"We are continuing to see steady job gains. While job stayers saw a pay increase, annual pay growth for job changers in September is down from August," ADP Chief Economist Nela Richardson wrote in the report.

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Baha Breaking News (BBN) / MS