The total was down from an upwardly revised 180,000 in August and below the 160,000 estimate from Dow Jones.
ADP reported that private job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate from Dow Jones.The report comes a day after the Labor Department said job openings unexpectedly rose sharply in August.
The payroll processing firm said job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate from economists polled by Dow Jones. Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyHowever, the ADP numbers can differ significantly from the government's official count, which comes Friday. Economists estimate non-farm payrolls increased by 170,000 in September, down from a 187,000 increase in August, according to Dow Jones.
Other sectors posting gains included financial activities , construction and education and health services . However, they were offset by losses of 32,000 in professional and business services, 13,000 in trade, transportation and utilities and 12,000 in manufacturing."Additionally, we are seeing a steady decline in wages in the past 12 months."sent a jolt into financial markets, aggravating worries that the Fed will need to keep monetary policy restrictive to control inflation.
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