ADP National Employment Report: Private Sector Employment Increased by 200,000 Jobs in September
October 12, 2015 (Marketwired) Private sector employment increased by 200,000 jobs from August to September according to the September ADP National Employment Report®.
Private sector employment increased by 200,000 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® 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.
September 2015 Report Highlights*
Total U.S. Nonfarm Private Employment: 200,000
* Sum of components may not equal total, due to rounding.
Payrolls for businesses with 49 or fewer employees increased by 37,000 jobs in September, less than half of the August gain. Employment among companies with 50-499 employees increased by 56,000 jobs, 18,000 fewer than the previous month. Employment gains at large companies -- those with 500 or more employees -- rose dramatically from August, adding 106,000 jobs in September. However, companies with 500-999 lost 3,000 jobs. Companies with over 1,000 employees added 109,000 jobs, accounting for over half the total jobs added for the month.
Goods-producing employment rose by 12,000 jobs in September, off from 15,000 the previous month. The construction industry added 35,000 jobs in September, almost double the 18,000 gained in August. Meanwhile, manufacturing dropped into negative territory losing 15,000 jobs in September, the worst showing since December 2010.
Service-providing employment rose by 188,000 jobs in September, up from 172,000 in August. The ADP National Employment Report indicates that professional/business services contributed 29,000 jobs in September, nearly even with August's 30,000 jobs gained. Trade/transportation/utilities grew by 39,000, up from 25,000 the previous month. The 15,000 new jobs added in financial activities were on par with last month's 14,000.
"Businesses with more than 1,000 employees contributed over half of the job gains in September, despite weakness in energy and manufacturing," said Ahu Yildirmaz, VP and head of the ADP Research Institute. "The largest companies appear to be starting to overcome the impacts of weak global demand and the high dollar, while the smallest companies may have pulled back as concerns about the resiliency of the U.S. economy grew and consumer confidence softened."
Mark Zandi, chief economist of Moody's Analytics, said, "The U.S. job machine continues to produce jobs at a strong and consistent pace. Despite job losses in the energy and manufacturing industries, the economy is creating close to 200,000 jobs per month. At this pace full employment is fast approaching."