ADP Jobs Report: Economy Added 213,000 Jobs in September
(Photo Credit: krossbow/Flickr)
“September’s jobs added number marks the sixth straight month of employment gains above 200,000,” says Carlos Rodriguez, president and chief executive officer of ADP. “It’s a positive sign for the economy to see the 200,000-plus trend continue.”
September’s Employment Situation Summary from the Bureau of Labor Statistics didn’t reflect this trend. Expected to show gains of 230,000 jobs, the report found only 142,000 jobs added. Friday’s report from the Labor Department is expected to show additions of 215,000 jobs.
Trade, transportation, and utilities showed the largest gains, according to ADP, with 38,000 jobs added, followed by manufacturing, which added 35,000 jobs, and professional and business services, which added 29,000 jobs.
“Job gains remain strong and steady. The pace of job growth has been remarkably similar for the past several years,” says Mark Zandi, chief economist of Moody’s Analytics, which produces the report with ADP. “Especially encouraging most recently is the increasingly broad base nature of those gains. Nearly all industries and companies of all sizes are adding consistently to payrolls.”
Wages were also on the rise during the past few months. The third quarter of 2014 showed gains of 1.2 percent nationally, according to The PayScale Index, which Q2 showed gains of 1.4 percent. Expectations for the fourth quarter are slightly lower at 0.3 percent.
Tell Us What You Think
Do you think the economy is getting better? We want to hear from you! Leave a comment or join the discussion on Twitter.