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Friday, April 12, 2024
HomeNewsEconomyPrivate Sector Employment Soars 749k Jobs in September, Manufacturing 130k

Private Sector Employment Soars 749k Jobs in September, Manufacturing 130k

A newspaper with the headline "Job Market". (Photo: AdobeStock)

ADP National Employment Report Revised Higher for August

A newspaper with the headline "Job Market". (Photo: AdobeStock)
A newspaper with the headline “Job Market”. (Photo: AdobeStock)

Roseland, N.J. (PPD) — Total private sector employment rose 749,000 in September, beating the forecast for the ADP National Employment Report. Forecasts ranged from a low of 400,000 to a high of 1,000,000. The consensus forecast was 650,000.

The goods-producing sector added 196,000 private sector jobs. Construction added 60,000, manufacturing added 130,000 and natural resources/mining added 7,000.

“The labor market continues to recover gradually,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.  “In September, the majority of sectors and company sizes experienced gains with trade, transportation and utilities; and manufacturing leading the way. However, small businesses continued to demonstrate slower growth.”

The service-providing sector added 552,000 private sector jobs. Leisure/hospitality added 92,000, education/health services added 90,000 and professional/business services added 78,000. Trade/transportation/utilities added 186,000 jobs.

The change in total private sector employment for August was revised from 428,000 to 481,000.

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PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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