The nationwide employment report released by the US Automatic Data Processing Company (ADP) on Wednesday, September 30, showed a significant increase in job creation in the US non-farm private sector in September compared to the previous month, further indicating the stability of the US labor market.
According to data from the wage processing company ADP, private businesses in the US added 90,000 new jobs in September, much higher than the downwardly revised 36,000 in August and also surpassing economists’ widespread expectations, reaching the highest level in three months. Economists surveyed by Dow Jones & Company had previously predicted that the number of new jobs in September would be 68,000, while the median forecast by Bloomberg economists was 75,000.
Overall, the service industry added 59,000 positions, while the goods-producing sector increased by 31,000.
More than half of the growth occurred in the education and health services industry, accounting for 55,000 jobs. Other industries with significant increases in employment include leisure and hospitality, with 22,000 jobs; manufacturing, with 17,000 jobs; and construction, with 15,000 jobs.
At the same time, some industries experienced a decline in employment, with the financial activities sector reducing 16,000 positions, professional and business services decreasing by 11,000, and natural resources and mining cutting 1,000 jobs.
In terms of regions, the majority of employment growth came from the Northeast region of the US, adding 56,000 jobs.
In terms of business size, medium-sized enterprises with 50 to 499 employees had the best performance, adding 54,000 new job positions.
Regarding salaries, the basic wages of workers increased by 3.2% compared to the same period last year, while total wages grew by 4.7%.
Workers who stayed in their original positions saw a year-on-year salary increase of 4.4%, while salaries for job switchers grew by 7.3%.
Nela Richardson, Chief Economist at ADP, stated in the press release accompanying the report, “This is a strong report. After three months of slowing down, job creation has rebounded, and wage growth remains steady.”
The report from ADP was jointly compiled by the ADP Research Institute and the Stanford Digital Economy Lab, with survey results based on wage data from over 26 million private sector employees in the US.
These data were released before the non-farm employment report by the US Bureau of Labor Statistics on Friday, which is expected to show that US employers added 90,000 jobs in September.