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Wednesday, September 30, 2020

Private sector job growth in September is strongest in three months: ADP

The pace of U.S. private sector job growth in September was the strongest in three months. Private-sector employment rose by 749,000 jobs, Automatic Data Processing Inc reported Wednesday.The gain was above the forecast from economists surveyed by Econoday of a gain of 650,000 jobs. Firms added a revised 481,000 jobs in August and 216,000 in July.

By company size, job growth at small firms job continued to lag behind bigger firms. Small businesses added 192,000 jobs in September, while medium firms added 259,000 jobs and large firms adding 297,000 jobs.

The service sector added 552,000 jobs, while goods-producing firms added 196,000

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