September private payrolls rose by 568,000, topping estimates: ADP
Source: Yahoo! Finance
September private payrolls rose by 568,000, topping estimates: ADP
Emily McCormick · Reporter
Wed, October 6, 2021, 8:16 AM
U.S. private employers added back more jobs than expected in September as COVID-19 cases moderated from a summer peak and alleviated some stress on the labor market.
Private payrolls grew by 568,000 last month, ADP said in its closely watched monthly report on Wednesday. Economists were looking for private payrolls to grow by 430,000, according to Bloomberg consensus data. During the prior month, private-sector jobs had risen by 340,000. This figure was downwardly revised from the 374,000 previously reported for August.
Wednesday's report reflected an acceleration in hiring in the U.S. services sector, with 466,000 net payrolls coming back last month. The biggest contributor to this figure, in turn, came from leisure and hospitality industries, with employers across these firms adding back 226,000 jobs. Job gains in education and health services, and professional and business services, each also came in above 60,000.
The goods-producing sector also saw a strong pick-up in hiring, with payroll gains rising by 102,000 to more than double the number of jobs brought back in August. Manufacturing and construction jobs each rose by nearly 50,000.
Wednesday's report marked a ninth consecutive month of private payroll growth in the U.S. economy, with the labor market making strides to recoup jobs lost over the course of the pandemic. Other reports have also underscored some firming trends in domestic employment: Both the Institute for Supply Management's manufacturing and service sector employment indexes held in expansionary territory in September, and weekly unemployment claims dropped to a pandemic-era low at the start of the month.
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Read more: https://finance.yahoo.com/news/adp-private-payrolls-september-2021-employment-labor-market-coronavirus-121614244.html
Here's the original thread. I looked and looked at Yahoo! Finance for the above article. I didn't see it until 11:05 a.m.
Private-sector employment increased by 568,000 from August to September, on a seasonally adjusted basis.
https://adpemploymentreport.com/2021/September/NER/NER-September-2021.aspx
Total Employment
Change in Nonfarm Private Employment
Historical Trend
Change in Total Nonfarm Private Employment
Change By Company Size
Change in Total Nonfarm Private Employment by Company Size
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https://adpemploymentreport.com/2021/September/NER/docs/ADP-NATIONAL-EMPLOYMENT-REPORT-September2021-Final-Press-Release.pdf
ADP National Employment Report: Private Sector Employment Increased by 568,000 Jobs in September
ROSELAND, N.J. - October 6, 2021 - Private sector employment increased by 568,000 jobs from August to September according to the September ADP National Employment ReportTM. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute in collaboration with Moody's Analytics. The report, which is derived from ADP's actual data of those who are on a company's payroll, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
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Placeholder article at Yahoo! Finance. It's ADP's PR release.
https://finance.yahoo.com/news/september-2021-adp-national-employment-121500533.html
September 2021 ADP National Employment Report, ADP Small Business Report and ADP National Franchise Report to be Released on Wednesday, October 6, 2021
Wed, September 29, 2021, 8:15 AM · 4 min read
ROSELAND, N.J., Sept. 29, 2021 /PRNewswire/ --
WHAT: ADP Research Institute will release the September findings of the ADP National Employment Report, ADP Small Business Report and ADP National Franchise Report on Wednesday, October 6, 2021 at 8:15 a.m. ET.
Due to the important contribution that small businesses make to economic growth, ADP Research Institute issues the ADP Small Business Report independently of the ADP National Employment Report. The ADP Small Business Report offers detailed private sector employment data that are specific to businesses with 49 or fewer employees.
Broadly distributed to the public each month, free of charge, the ADP National Employment Report and ADP Small Business Report are derived from ADP payroll data representing 460,000 U.S. clients and nearly 26 million workers, and are published by the ADP Research Institute in collaboration with Moody's Analytics.
The ADP National Franchise Report measures monthly changes in franchise employment. The matched sample used to develop the ADP National Franchise Report is derived from ADP payroll data, which represents 15,000 franchisors and franchisees employing nearly one million U.S. workers.
WHEN: Wednesday, October 6, 2021, 8:15 a.m. ET
Conference Call for Media to follow at 8:30 a.m. ET:
Following the release of the ADP National Employment Report, ADP Chief Economist, Nela Richardson will provide context on the employment data and answer questions from media during the conference call.
Journalists are invited to access the call by dialing: 1-800-675-6207
NOTE: This is an operator-assisted conference call dial-in number and there is no passcode required.
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