Financial News: U.S. Private Sector Job Growth Exceeds Estimates In

U.S. Private Sector Job Growth Exceeds Estimates In September

09/30/2026 - 09:31:00 (RTTNews)

(RTTNews) - Private sector employment in the U.S. jumped by more than expected in the month of September, according to a report released by payroll processor ADP on Wednesday.

ADP said private sector employment shot up by 90,000 jobs in September after rising by a downwardly revised 36,000 jobs in August.

Economists had expected private sector employment to increase by 70,000 jobs compared to the addition of 38,000 jobs originally reported for the previous month.

"It's a strong report," said ADP Chief Economist Dr. Nela Richardson. "After a three-month slowdown, job creation rebounded and pay growth remained solid."

ADP said hiring accelerated for the first time since May, led by job growth in the education and health care and leisure and hospitality sectors.

Meanwhile, the report said employment in the financial activities and professional and business services sectors showed weakness.

"Employment gains in the September ADP employment report help underscore the strength of the labor market and will bolster market expectations for firmer monetary policy from the Federal Reserve as it seeks to ensure inflation is tamped out," said Matthew Martin, Senior U.S. Economist at Oxford Economics.

He added, "However, it doesn't portend tightening in the labor market, as trend job growth remains consistent with our break-even level of employment."

The Labor Department is scheduled to release its more closely watched monthly employment report for September on Friday.

Economists currently employment to increase by 90,000 jobs in September after jumping by 162,000 jobs in August, while the unemployment rate is expected to hold steady at 4.1 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Services Index Indicates Modestly Slower Growth In September (35 min(s), 23 sec(s) ago)
(RTTNews) - A report released by the Institute for Supply Management on Monday showed a modest slo ...Full Story»

Eurozone Private Sector Growth At 41-Month High (01 hr(s), 52 min(s), 23 sec(s) ago)
(RTTNews) - The euro area private sector expanded at the fastest pace in nearly three-and-a-half y ...Full Story»

UK Services Activity Continues To Expand (02 hr(s), 50 min(s), 23 sec(s) ago)
(RTTNews) - The upturn in UK service sector output sustained in September with the recovery in new ...Full Story»

South African Private Sector Contracts In September (02 hr(s), 56 min(s), 23 sec(s) ago)
(RTTNews) - South Africa's private sector activity showed a downturn in September amid renewed ...Full Story»

Eurozone Sentix Investor Confidence Weakens (03 hr(s), 15 min(s), 23 sec(s) ago)
(RTTNews) - Eurozone investor confidence deteriorated in October as weakening expectations raised ...Full Story»

Turkey Inflation Eases To 29.73%, Lowest In Nearly 5 Years (04 hr(s), 26 min(s), 23 sec(s) ago)
(RTTNews) - Turkey's consumer price inflation moderated further in September to the lowest lev ...Full Story»

Swedish Services Growth Hits 10-month High (05 hr(s), 22 min(s), 23 sec(s) ago)
(RTTNews) - The Swedish service sector expanded at the fastest pace in nearly a year in September, ...Full Story»

Eurozone Producer Price Inflation Accelerates (05 hr(s), 30 min(s), 23 sec(s) ago)
(RTTNews) - Eurozone producer price inflation accelerated in August due to the sharp increase in e ...Full Story»