American businesses brought far more workers onto their payrolls than expected in September, data from payroll processor ADP showed Wednesday.
Private companies added 90,000 jobs in September, up from a revised 36,000 jobs added in August, ADP said. Economists had expected around 70,000 jobs.
“It’s a strong report. After a three-month slowdown, job creation rebounded and pay growth remained solid,” said Dr. Nela Richardson, chief economist at ADP.
Hiring gains were broad-based. Manufacturing added 17,000 workers and construction added 15,000. Leisure and hospitality added 22,000. Information added 3,000. Education and health services added 55,000. The financial sector lost 16,000 jobs and professional and business services shed 11,000.
Small businesses with...
Read the full article here