ADP National Employment Report Shows 166,000 Jobs Added in September
Because of the shutdown, I wasn't able to post this when the report was released. Someone else did, though.
I see that "August’s job gain was revised down from 176,000 to 159,000."
Private Sector Added Disappointing 166,000 New Jobs In September
http://www.democraticunderground.com/1014608733
ADP National Employment Report®
http://www.adpemploymentreport.com/
ADP National Employment Report September 2013
http://www.adpemploymentreport.com/2013/September/NER/NER-September-2013.aspx
ADP National Employment Report Shows 166,000 Jobs Added in September
http://www.adpemploymentreport.com/2013/September/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-September2013-Final-Press-Release.pdf
ADP NATIONAL EMPLOYMENT REPORT: PRIVATE SECTOR EMPLOYMENT INCREASED BY 166,000 JOBS IN SEPTEMBER
ROSELAND, N.J. – October 2, 2013 – Private sector employment increased by 166,000 jobs from August to September, according to the September ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital Management (HCM) solutions, in collaboration with Moody’s Analytics. The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis. August’s job gain was revised down from 176,000 to 159,000.
Goods-producing employment rose by 19,000 jobs in September, a slight increase over its August growth rate. Construction payrolls added 16,000 jobs, while manufacturing payrolls increased by 1,000.
Service-providing industries added 147,000 jobs in September, down from 152,000 in August. Among the service industries reported by the ADP National Employment Report, trade/transportation/utilities added the most jobs with 54,000 over the month. Professional/business services employment rose by 27,000, while financial activities shed 4,000 jobs.
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Mark Zandi, chief economist of Moody’s Analytics, said, "The job market appears to have softened in recent months. Fiscal austerity has begun to take a toll on job creation. The run-up in interest rates may also be doing some damage to jobs in the financial services industry. While job growth has slowed, there remains a general resilience in the market. Job creation continues to be consistent with a slowly declining unemployment rate.”
