Private-Sector Jobs Rose 200000 in September

30 Sep 2015 | Author: | No comments yet »

ADP National Employment Report: Private Sector Employment Increased by 200,000 Jobs in September.

ADP’s report on private sector employment didn’t disappoint. WASHINGTON — Buoyed by strong consumer spending and steady home sales, U.S. businesses added jobs at a healthy pace in September, according to a private survey. While payrolls aren’t rising quite as fast now as at their peak late last year, said Ian Shepherdson of Pantheon Macroeconomics, leading indicators of payroll growth—such as jobless claims—remain firm. 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. The additions to company headcounts are consistent with resilient demand in the U.S. even as some industries face challenges of weaker overseas sales.

Of the 200k net new jobs, 12k came from the goods producing side but the breakdown was very mixed as construction added 35k jobs while the manufacturing side cut 15k (we’ve seen weak regional manufacturing survey’s across the board in September), the weakest since December ‘10. Moody’s produces the figures with ADP. “Despite job losses in the energy and manufacturing industries, the economy is creating close to 200,000 jobs per month. Economists forecast that report will show that employers added 206,000 jobs, and the unemployment rate held at 5.1 percent for the second straight month. At this pace, full employment is fast approaching.” Goods-producing industries, which include manufacturers and builders, increased headcounts by 12,000, the ADP report showed.

A schedule of future release dates, as well as additional information about franchise employment, charts on monthly job growth and employment levels, and historical data is available at That has encouraged more homebuilding: Developers started construction on 11 percent more homes in the first eight months of this year than at the same point in 2014. The September jobs report issued by the Labor Department may show private businesses added about 200,000 employees after a 140,000 increase in August, according to the median forecast of economists surveyed by Bloomberg. About Moody’s Analytics Moody’s Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence.

The improving outlook for the labor market is among the reasons Federal Reserve policy makers have said they may raise their benchmark interest rate from near zero before year-end. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody’s Investors Service, Moody’s Analytics integrates and customizes its offerings to address specific business challenges. Moody’s Analytics is a subsidiary of Moody’s Corporation (NYSE: MCO), which reported revenue of $3.3 billion in 2014, employs approximately 10,000 people worldwide and maintains a presence in 33 countries. The data for this report is collected for pay periods that can be interpolated to include the week of the 12th of each month, and processed with statistical methodologies similar to those used by the U.S.

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