US EMPLOYMENT
US private payrolls hit a seven-month high
The services sector added 184,000 jobs in September, up from 145,000 in August
Washington — US private payrolls recorded their biggest increase in seven months in September, boosted by hiring at construction sites and in the services sector, pointing to sustained labour market strength that should continue to underpin economic growth. Private payrolls rose by 230,000 jobs in September, the largest gain since February, the ADP National Employment Report showed on Wednesday, after an upwardly revised 168,000 increase in August. Economists polled by Reuters forecast private payrolls advancing by 185,000 last month following a previously reported 163,000 increase in August. The ADP report, which is jointly developed with Moody’s Analytics, was published ahead of the government’s more comprehensive employment report for September due on Friday. According to a Reuters survey of economists, nonfarm payrolls probably increased by 185,000 in September after jumping 201,000 in August. The unemployment rate is forecast to fall one-tenth of a percentage point to 3.8%, an ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.