trending Market Intelligence /marketintelligence/en/news-insights/trending/Y9WCCn2TPI73IaolRXZs4Q2 content esgSubNav
In This List

Private-sector employment rose by 154,000 jobs in September, says ADP


According to Market Intelligence, December 2022


Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes


Energy Evolution | How will US Democrats' new deal on climate affect the energy transition?


Energy Evolution | New York's aggressive climate goals create a market for manufacturers

Private-sector employment rose by 154,000 jobs in September, says ADP

Private sector employment increased by 154,000 jobs inSeptember, according to the ADP National EmploymentReport.

Automatic DataProcessing Inc. produces the report in collaboration with Moody's Analytics.The report is derived from ADP's actual payroll data and measures the monthlychange in total nonfarm private employment on a seasonally adjusted basis.

Large businesses booked the largest gains in the month,adding 64,000 jobs. Small businesses added 34,000 jobs and medium businesses added 56,000 jobs.

Service-providing employment rose by 151,000 jobs inSeptember, while goods-producing employment went up by 3,000 jobs.

The professional and businessservices industry added 45,000 jobs in September. Construction industry andfinancial activities each added 11,000 positions, and trade, transportation andutilities added 15,000 jobs. Manufacturing jobs were down 6,000 in themonth.

U.S. franchise jobs increased by26,000 in September.

ADP revised the total of jobs added to 175,000,from 177,000.

"Job gains in September eased a bit when compared tothe past 12-month average," Ahu Yildirmaz, vice president and head of theADP Research Institute, said in a statement.

"With job openings at all-time highs and layoffs nearall-time lows, the job market remains in full-swing," said Mark Zandi, chief economist of Moody'sAnalytics. "Job growth has moderated in recent months,but only because the economy is finally returning to full-employment," headded.

SNL Image