Private Sector Added Disappointing 166,000 New Jobs In September

[Purveyor]

Source: LA TIMES

WASHINGTON -- The private sector added a disappointing 166,000 net new jobs last month and significantly revised down its estimate for August in a sign that labor market growth weakened through the summer, payroll processing firm ADP said Wednesday.

The figure for last month was below analysts' projections that the closely watched report would show that businesses added 180,000 jobs in September.

September's job growth was an improvement over the previous month, but only because ADP revised its August figure down to 159,000 from the initially reported 176,000.

"The job market appears to have softened in recent months," said Mark Zandi, chief economist at Moody’s Analytics, which assists ADP with its monthly report.

[HR][HR]



Read more: http://www.latimes.com/business/money/la-fi-mo-adp-jobs-unemployment-economy-20131002,0,1969545.story

[Purveyor]

1. ADP May Be Sole Jobs Report of the Week -

A continued government shutdown and a positive labor market reading from payroll processor Automatic Data Processing ( ADP ) provide the backdrop for today's action. With Friday's monthly jobs report from the government's Bureau of Labor Statistics likely delayed due to Washington squabbles, this morning's ADP report will most likely be the only jobs reading we will get this week.

Read more: http://www.nasdaq.com/article/oct-2-adp-may-be-sole-jobs-report-of-the-week-economic-highlights-cm282113#ixzz2gZxH3vG5

[Demo_Chris]

2. Still waiting for any real recovery. nt

[Purveyor]

3. I'm starting to think that this is the 'new normal'... eom

[onehandle]

5. You'll have to wait for the brain dead to stop voting for teabaggers. nt

[Historic NY]

4. Only in American journalistic writing is a plus number a negative....

is 166000 better than a zero.

[SmittynMo]

6. I'll bet you a large percentage of these jobs are part time, without benefits.

That's all they have been adding for a year, if not longer.

[Botany]

7. Please can we go back to when we were dumping 750,000 to 800,000 jobs per month ..

.... under W? We would much better off if the republicans haven't been trying to
tank the economy 24/7.

[BumRushDaShow]

8. Looks like the rethugs DID go back to an 800,000 drop in a month