Private-sector jobs growth likely north of 200,000 for September Private-sector employers likely kept hiring at a steady pace in September, according to a consensus forecast for data to be released Wednesday.
Economists polled by Dow Jones Newswires expect Automatic Data Processing to report that private-sector employers added 209,000 jobs in September, up a hair from 204,000 in August. If that forecast is hit, September would be a sixth month of above-200,000 readings, a welcome trend after a surprisingly weak jobs report from the government for August.
A vibrant labor market is key for a strengthening economy. Economists say that certain sectors, such as housing, won’t gear up until the employment environment delivers consistent and sustainable growth for jobs and wages.
Economists use ADP’s data to get a feeling for the U.S. Labor Department’s employment report, which will be released Friday and covers government jobs in addition to the private sector. The chart shows estimates for monthly private-employment growth from ADP and BLS (for August ADP’s estimate was 70,000 jobs greater than the government’s). Economists polled by MarketWatch expect the government’s report to show that total nonfarm employment rose by 220,000 jobs in September, after adding just 142,000 positions in August.
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