ADP: September Private-Sector Employment Up 750k

Ahead of Friday’s unemployment report from the Bureau of Labor Statistics and Thursday’s initial unemployment claims report from the Labor Department, ADP, Roseland, N.J. reported private-sector employment increased by 749,000 from August to September.

The September ADP National Employment Report said small businesses added 192,000 jobs in September; medium-sized businesses added 259,000 jobs; and large businesses added 297,000 jobs.

By sector, goods-producing businesses added 196,000 jobs; and service-providing businesses added 552,000 (of which financial activity-related businesses added 29,000 jobs).

“The labor market continues to recover gradually,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute. “In September, the majority of sectors and company sizes experienced gains with trade, transportation and utilities; and manufacturing leading the way. However, small businesses continued to demonstrate slower growth.”

The Labor Department releases its weekly Initial Claims report this morning at 8:30 a.m. ET; BLS will release its Employment report Friday at 8:30 a.m. ET. MBA NewsLink will provide coverage of both reports, with commentary on Friday’s jobs report from MBA Chief Economist Mike Fratantoni.