ADP: US private employers added 90,000 jobs in September
ADP reported on 30 September that US private-sector payrolls rose by 90,000 in September, the first acceleration in hiring since May, with base pay up 3.2% year over year — a data point markets are weighing ahead of Friday’s official jobs report.
US private employers added 90,000 jobs in September, according to the ADP National Employment Report released 30 September and produced with the Stanford Digital Economy Lab. Hiring accelerated for the first time since May, led by education and health services (+55,000) and leisure and hospitality (+22,000), while financial activities (−16,000) and professional and business services (−11,000) declined.
Pay and revisions
Base pay for private-sector workers rose 3.2% year over year and gross pay was up 4.7%, ADP Pay Insights showed. Job-stayers saw base pay up 3.0%; job-changers gained 4.8%. Chief economist Dr. Nela Richardson called it “a strong report,” saying job creation rebounded after a three-month slowdown while pay growth remained solid. August’s ADP total was revised down slightly to 36,000 from 38,000.
Context for Friday’s BLS report
Investors are using the ADP print alongside other late-September releases as they position for the Bureau of Labor Statistics Employment Situation for September, due Friday 2 October. Separately, the Bureau of Economic Analysis’s third estimate raised second-quarter real GDP growth to a 2.2% annual rate from 1.5% previously, reflecting upward revisions to investment, consumer spending and government spending — a mix that has kept “higher for longer” rate expectations in play even as cooler inflation data trimmed near-term Fed hike odds.
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