Private-sector employment increased by 91,000 from August to September on a seasonally adjusted basis, according to the latest ADP National Employment Report created by Automatic Data Processing (ADP) in partnership with Macroeconomic Advisers.
Employment at small employers was up 60,000 and at medium-sized employers up 36,000 while employment at large employers was was down 5,000, found the report, which is derived from actual payroll data. Employment in the private, service-providing sector rose 90,000 in September, up slightly from an increase of 83,000 in August. Employment in the private, goods-producing sector rose a scant 1,000 in September, while manufacturing employment declined by 5,000.
"Like August, this month's jobs report continues to show modest job creation," said Gary Butler, CEO of ADP. "Once again, the small business services sector led the way, contributing almost two-thirds of all new jobs. Small businesses overall showed positive growth for the 22nd straight month and averaged 73,000 jobs a month for the past 12 months. Professional business services, education and healthcare, and leisure services led all other sectors in new jobs added."
The recent trend in private employment remains moderate and probably is below a pace consistent with a stable unemployment rate, said Joel Prakken, chairman of Macroeconomic Advisers.
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